What if your father needs the money? He's only 74 and he's giving away right now almost $50k of a $400k portfolio. That's a huge chunk
Plus would you feel right taking an inheritance and then having US taxpayers foot the bill for your dad's care in a nursing home? Because he gave away all his retirement money to you and your siblings early then he goes on welfare or medicaid (not medicare) and he could have been paying for a good portion of it?
It seems very loopholey to me. Plus I wouldn't want my mom to give me money knowing that it could make a difference between a FANTASTIC nursing home and just an okay one.
Knowing that she could have afforded instead of giving all 4 kids $50k each, she could be living in a very expensive, exclusive assissted living facility.
But maybe I'm a weirdo. I don't want my mom's money, I think she should spend it on herself. And yes I might turn down help like $50k depending on how much she had and if she could afford a great facility with the extra money.
Oh and Disneysteve is right about the $18k being a difference in what you are getting and your sibs are getting.
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