Quote:
Originally Posted by Pianoman
I guess it's a roll of the dice.
There are legal ways to protect half of one's inheritance for purposes such as this. We are talking with a financial expert and lawyer now about protecting some of my mother's assets. It's not because us kids want the money! It's because we want our mother to be able to have extra money for clothes and food when needed!
Hopefully, I'm putting enough money back for retirement to cover a catostophic senario such as the one you mentioned. If it cuases my children to not get any inheritance money, so be it!
The special savings account that I mentioned could help a little. This is over and above my retirement savings.
If I live to be over 80 years old, there is a 50% chance I will need a nursing home at some time.
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Of course I am not familiar with your laws & such, but I do pray that God guides you in whatever decision that you make!
Of course long life & good health won't hurt either!
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