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Author: PolymerMom Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35387  
Subject: Re: Long term care for parents Date: 6/13/2003 5:28 PM
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I think its taken a different form than the days of the family farm.

My mother's had a long-term care policy for many years. She doesn't want to be a "burden" on the kids - at least that's what she says.

Actually, I think she wants to maintain her independence, in spite of the hazards of aging, such as macular degeneration and a pacemaker. Even if she can no longer drive, she's still living in her house and is active in the community.

Us kids bought her a reading machine years ago. She wasn't impressed at the time, but now she says she can't live without it. My brother drops by her house every week (his house is quite a bit closer) and checks over her bills and does odd jobs.

My husband and I have taken over my mother-in-law's bill paying/finances and have her over to stay with us about once a month. I take her shopping for clothes and other niceties, since she also no longer drives.

We've also taken over caring for for my husband's aunt's finances. She's an Alzheimer's patient in a nursing facility.

We were horrified to learn that the "nice young man" from a local office of an investment company had been coming by my mother-in-law's apartment to "advise" her on her and her sister's portfolio quite frequently. She'd been writing checks for stock purchases with no idea that the stock market's been in a bear market for the last three years

She's still wondering if she should call him since she's afraid he might think something's wrong if she didn't. (We've asked him to cease and desist in no uncertain terms.)
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