Investing Elderly Aunt's money ???

Kelvin_Hall

Primrose wrote: »

I agree with all the previous suggestion of going for the safest option but given your aunt has no need of the money to pay for her care accommodation are there any things which a small proportion of her savings might be spent or to enhance her quality of life if she is physically capable of participating ?

It's not much fun to be stuck in a care home and become nstitutionalised. Is she the sort of person who would enjoy being taken out on occasional outings to National Garden Schemes, National Trust properties, garden centres with afternoon tea cafes?, using a small fraction of her savings to pay a responsible person to take her out occasionally on such visits would, in my view, be a perfectly acceptable way of using her hard earned savings to enhance whatever life she has left, unless you or your sister of course are able to do this for her free of charge.

Thanks for such a caring response Primrose. She lives quite a distance from us but thankfully after a lifetime in the church she has lots of caring friends who make sure she gets out quite a lot and we do what we can. But it’s a good idea and if circumstances change we will definately look into it.

Thanks

elsien

I think if aunt had been happy all her life to have her savings in low interest bank accounts then there wouldn't be a problem in continuing to do so - you're just following her previously expressed wishes and preferences. It's not going to come back and bite you for doing that.
My grandmother wouldn't even have a current account or use direct debits when she had all her faculties. Premium bonds were the riskiest that she got. Some people just prefer it that way.