Comments on: Will your parents’ financial decisions leave you holding the bag?

By: ruzica

ruzica — Wed, 20 Apr 2011 03:17:28 +0000

Boy, all of these comments have hit home. My mother died unexpectedly two days ago, my father has no money to live in the house he has loved and maintained for 50 years. My mother spent very irresponsibly for about 10 years, filed for Chapter 13 and now still owes quite alot of money. Unfortunately, in her passing, she has left my father financially poor and we will have to sell the house. Together they spent much money on travel, amendities, vacations, items that still have tags on them. I think my mother just didn’t care; she thought her 6 children were going to take care of whomever died first. Well, all of my siblings have been very responsible savers for our future. We have college degrees we paid for, have college educated children, and have retirement savings; the best we can give our children for our future and theirs. For anyone reading this comment, saving for your retirement is protecting your children from financial burden and hardship. Don’t let your retirement be your children’s burden!

By: Mick

Mick — Thu, 03 Sep 2009 17:34:17 +0000

My father who is cancer ridden and going through chemo/radiotion is finacially broke his mobil is up for sale. After my mother passed away he had income and business, and means. After my mother passeed he sold the house went on wild spending psrees , played the field and evcentually is broke now looking of help. I amd my family did not approve aof all theother females he wnet out with and told him so, but naturally he ignored me.Ihave recently 6mths moved him in becsue no one in the family wanted him because he was broke now and now my husband and I are running him back and forth between doctors , paying for medicines that his insurance cant pay and everday household expenses. We basically have been left holding the bag, resentful as hell but still l feel obligated now. He partied like no other and used and lied to me. I want to just say you have to leave but then there is the he is my father issue, I wish he prepared better and ignored the women who he thought love him.
For future reference I wish my mother would have had a trust that would have given me right to how he spent all the money instead of all the spending sprees and wild women who were after one thing his money. Widowed, broke father who I have to take care of and his bad desicions. So please insit that you ask your parent how they have to pay for there retirment. If not telll them you will not help them maybe that will make them think about there choices.
I am trying to put away for my retirement but its almost like his expensies is tapping into my donations to my retirment.
Angry and hurt/ resentful Daughter.

By: Will you be left to hold the bag for your parents? | Tomasz Gorecki | Debt In Your 20's Is The Kiss of Death

Wed, 22 Apr 2009 15:49:15 +0000

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