Dec 25 2007

Is caring for elderly parents eating up your retirement funds?

Caring for the Elderly
isotope2007 asked:


How many of you found yourself having to care for elderly parents which ate up your retirement funds and left you in serious financial trouble?

My sibs managed to do nothing for my mother except trick her into signing her investments over to them the week after my dad died, while she was signing other papers.

I am disabled and ended up caring for her and paying her bills. Although my parents made me their sole heir, (both my sibs are wealthy), I also ended up paying funeral expenses because they drained the estate before mom even died.

Every lawyer I talked to wanted a $30,000 retainer before they would go to court over misappropriation of funds, so they got away with it. (I live in Canada)

At the end of August I will probably be living on the street. I am down to $2000 and no income, aged 55, partially disabled and unable to work because of a chronic pain condition, and upper body disability, Hoping to qualify for subsidized housing, theres a waiting list for it though

Jayden

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