Mom is financially irresponsible. Any advice?
Question by souffledunange: Mom is financially irresponsible. Any advice?
She has filed for bankruptcy twice in my young lifetime, and she refuses to pay for her own mom’s medical costs (which have subsequently gone to collection agencies). She works a part-time restaurant job and is depending on that as well as child support payments as income for the next 2 years. I’m going to try and get her to sign term life and long term care insurance policies but she undermines everything I try to do for her (and mine and my younger siblings’) betterment. Worst of all, I am dealing with this on my own. Is there ANYTHING I can do to make this situation better?
I’m a college grad and currently working full-time. My siblings are 17 and 15.
Best answer:
Answer by naomi
How old are you? I’m a big sister too, so I understand and support your wanting to help your family. Unfortunately, your mother is an adult and sounds like she is set in her financial ways.
If you are still a minor, the best thing you can do is study hard in school and get the best education you can. Start looking into scholarships for college. Encourage your younger siblings to do the same. Help them with their homework if they need it.
As soon as you can get a part time job (without your schoolwork suffering), start saving money for your education and your future. Get yourself a good education and a savings account. This will put you in a position to help your younger siblings.
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Categories: Estate Planning Information Tags: advice, Financially, irresponsible.
adding a name to a clear deed…..no relation single person with no children any advice estate planning?
Question by annnnwhat: adding a name to a clear deed…..no relation single person with no children any advice estate planning?
Best answer:
Answer by acmeraven
If the purpose is to let this person have the property when the other passes be sure to also put on the deed the following: Joint tenants with right of survivorship and not as tenants in common.
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