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8 posts tagged with trust and family. (View popular tags)
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What should my elderly parents do with their only asset, a liquid $250K?

I'm seeking as many opinions as I can get from people with knowledge of financial advising and/or trusts & estates and/or estate planning, about what my parents (in their 80s) ought to do with their $250,000 in liquid assets. I'm NOT looking for the kind of detailed plan we'd get from an advisor whom we hire; I'm looking for short, quite general, common sense answers (such as "These ONE OR TWO types of instruments are good/bad; all others are to be avoided/considered.") I'm also looking for as many answers as I can get. In order to get that assortment of answers, I want to disclose only a very few specific things about the folks: 1. they currently rent an apartment; they do not own a home. 2. they are in their 80s--relatively healthy and can drive, shop, take care of themselves, but I'm not sure how long that'll last. I'd like to see them in a retirement community within a couple years. 3. Their only income (which doesn't amount to much) is social security. 4. They lose about $2,100 in total expenses every month. That's just about equal to what they take in each month. 5. Their one and only significant asset is a liquid $250,000. Okay, at their age, and considering all the above, WHAT IS/ARE THE MOST PRACTICAL THING(s) THEY SHOULD DO WITH THAT LUMP OF LIQUID MONEY? THANK YOU from their worried adult child with a family of my own!
posted by losdavos on Oct 24, 2013 - 14 answers

So, is my reputation tarnished forever?

If I lie (a very big lie), can I ever redeem myself? [more inside]
posted by raintree on Jun 15, 2012 - 41 answers

How can I help my husband help himself?

How can I support my husband as he works through some issues? [more inside]
posted by your mom's a sock puppet on Jul 22, 2011 - 13 answers

How do I rebuild trust and relationships with my family?

How can I rebuild my relationship with my SO and my parents when someone seems set to undermine it? [more inside]
posted by anonymous on Sep 10, 2010 - 6 answers

Trying to avoid drama between protective mother and laid-back grandparents

Grandparents (my parents) want to take my precocious ~3 year old and his ~5 year old cousin out for the day, wife is nervous and wants me to go, but the grandparents are put off, how do I handle this diplomatically? [more inside]
posted by anonymous on Aug 28, 2010 - 41 answers

My Teenage Daughter Said I'm Untrustworthy. WTF?

How do I cope with my angry teenage daughter? After an somewhat nonsensical rant about how hard her life is (I wanted to chat with her about applying to colleges and how the process was going), she dropped the bomb that she doesn't trust me and therefore doesn't have to talk to me. [more inside]
posted by dzaz on Oct 18, 2009 - 39 answers

Family/FriendsFilter

I did something effed up and now I'm paying for it. [more inside]
posted by reallygoodgirl on Aug 12, 2007 - 33 answers

What to do, when drama is no longer entertaining?

I am a hopelessly moderate, hyper-responsible, mostly mellow person. How can I help my niece, who is very bright, but hyper-emotional and kind of an over-the-top drama queen, create stability for herself and/or make more responsible choices? [more inside]
posted by whatnot on Oct 6, 2006 - 18 answers

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