UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next
Author: jboykin Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75833  
Subject: Investing for Mom Date: 8/10/1999 10:09 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I'm fairly new to the board, and have a situation I need you Fool's advice.

My mother is 96 years old, in a nursing home. Fairly decent physical health, poor mental capacity. She has a monthly income from retirement, social security and one investment of $1300 a month. Her nursing home and medication bills run $3250 a month. She will be receiving shortly a bequest from her sister's estate of approximately $300,000. I am the only heir of her estate.

My question is how to best use the $300,000 to assure she has the monthly income to pay her monthly nursing home and medication bills and taxes if any (currently she has no tax liability)and if possible retain as much of the $300,000 as possible. What suggestions or recommendations do you have?
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:

The Saddest Place on iPhone Day
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.