The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Off topic question||Date: 5/27/2013 5:08 PM|
|Author: CountNoCount||Number: 72287 of 75538|
My SIL is totally out of touch with reality when it comes to money. She can't hold a job, regularly has the phone company cut her off for non-payment of her bills, most years doesn't file her income taxes, etc. Her parents have been "helping her" with her rent and groceries for some years. (She is single.)
Her parents are getting elderly, and they have named the Countess as the executrix of their estate. Because of this, we know that they plan to simply leave lump sums to each of their children. It's not a huge fortune (Mostly their paid-for house), but we can see that the SIL will blow through any inheritance she gets in a short time, and will have no idea where it went. She will then likely expect her big sister to help her out financially the way her parents have been doing.
The Countess has suggested they set up a way to dole money out rather than a lump sum.
Any suggestions as to how to do this would be appreciated.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|