Elderly mum with cash/assets? Tough, it's her money not yours!!!

catfish50

This is me venting. So fed up with all these threads from adult children wanting to get hold of their parents' house/savings/inheritance. And all of them come on so sanctimonious, claiming that it's only because they're concerned about their mum, heaven forbid that anyone should think they're angling after the money, although of course if it would be best for mum to reduce her to benefit level, the poster would feel it was his/her duty to help out, and of course mum would be much happier to know the money was benefitting her children, even if it means she has to scrape along on benefits for the rest of her life.

IT'S HER MONEY!!! LET HER ENJOY IT AND STOP WHINGING!!!

Deep_In_Debt

I've told my mum to enjoy and spend her money whilst she's still got her health and able to enjoy it. She's worked hard and saved hard all her life so she deserves to enjoy it.

zaksmum

Deep_In_Debt wrote: »

I've told my mum to enjoy and spend her money whilst she's still got her health and able to enjoy it. She's worked hard and saved hard all her life so she deserves to enjoy it.

How refreshing is that?

savemoney

I also told my mum and MIL to enjoy there money. Sadly my mum passed away 2 weeks ago

My brother got best idea (60), sell house live in council flat and enjoy holidays/meals. Mind you had a hard start raising a disabled child so dont begrudge them

My MIL holidays couple of times a year but still makes sure she doesn't waste/spend money when she doesnt have to

Freddie_Snowbits

Glad I got rid of mine when I was 25!

As for the wicked witch of the North, pm me and I can offer you a contract.

heretolearn_2

We keep telling our parents (in their 80s) to go and do more, enjoy it while they can (although they do a fair bit, good). they've just splashed out on a lovely new kitchen for example.

I don't care if I don't inherit a penny. They worked like Trojans all their lives and always put us first as kids, and it's great to see them have time and money for themselves. They don't owe us a thing.

alvinlwh

I told my mum to not to spend her money on junk or there will be non left for me when she die.

*this is a JOKE!!! But I do tell her that all the time! *

moonrakerz

catfish50 wrote: »

This is me venting. So fed up with all these threads from adult children wanting to get hold of their parents' house/savings/inheritance. And all of them come on so sanctimonious, claiming that it's only because they're concerned about their mum, heaven forbid that anyone should think they're angling after the money, although of course if it would be best for mum to reduce her to benefit level, the poster would feel it was his/her duty to help out, and of course mum would be much happier to know the money was benefitting her children, even if it means she has to scrape along on benefits for the rest of her life.

IT'S HER MONEY!!! LET HER ENJOY IT AND STOP WHINGING!!!

Probably the same people who keep posting and asking if they can cash in their pensions at the age of 29 to pay off their huge credit card debts !!!!

catfish50

moonrakerz wrote: »

Probably the same people who keep posting and asking if they can cash in their pensions at the age of 29 to pay off their huge credit card debts !!!!

Unwise but at least in those cases it's their own retirement they're trying to ruin!

pug_in_a_bed

I've got my mum to ammend her will as the only thing I want is a nativity christmas crib which I have loved all my life and is 90 years old, so thats in her will now and thats all i want lol!

trumpton

I think the limit is £19k - anymore than that and you have to pay for your own old folks home yourself. Spend it while you have the health to enjoy it. Also, don't buy stuff - buy experiences. Go on holiday, spend it on hobbies, go out with friends. Most families would rather their parents spent and enjoyed their money whilst they are well enough to do so than save it for a rainy day that never comes.