winger
Recycles dryer sheets
- Joined
- Jan 9, 2007
- Messages
- 280
He has pancreatic cancer. For the last year he has been under Dr. care, trying to balance between quality of life and fighting the cancer with chemo. He is going to start radiation soon for spots on his spine.
Absent a miracle, it's not going to end well. 3 months? 6 months? I don't know.
He retired 2 years ago, is divorced and his son over 21 son lives with him. He is renting his house. He was a teacher, and has some money but probably far less than half a million. Minimal SS, and a teachers pension. Not sure if he took a lump sum, or receives monthly payments.
He has told us he is concerned about his son just blowing through the money. He also has a brother that has been a musician all his life and has always had money struggles. They live 1400 miles apart, but talk regularly and visit occasionally.
I also believe he has recently set up a trust, but I don't know any details. We are visiting him now, and it's going to be a topic this weekend.
At some point in his illness, he is going to be unable to take care of himself. Another topic we will discuss.
DW and I have discussed this endlessly, and we want to help. Not as caretakers, but spending his money as he would want. Paying his bills, arranging his nursing care, that type of quality of life thing. Hold onto his nest egg until his son matures, or sending his son regular withdrawals. However he want's it done, we will adhere to it exactly.
We are nomads, and travel year round. It's no sacrifice to spend some time around where he lives for a period of time. It's the Denver area, if that would make a difference. We are not winter people, so I hope he has time.
Any advice? Is this a bad idea?
Absent a miracle, it's not going to end well. 3 months? 6 months? I don't know.
He retired 2 years ago, is divorced and his son over 21 son lives with him. He is renting his house. He was a teacher, and has some money but probably far less than half a million. Minimal SS, and a teachers pension. Not sure if he took a lump sum, or receives monthly payments.
He has told us he is concerned about his son just blowing through the money. He also has a brother that has been a musician all his life and has always had money struggles. They live 1400 miles apart, but talk regularly and visit occasionally.
I also believe he has recently set up a trust, but I don't know any details. We are visiting him now, and it's going to be a topic this weekend.
At some point in his illness, he is going to be unable to take care of himself. Another topic we will discuss.
DW and I have discussed this endlessly, and we want to help. Not as caretakers, but spending his money as he would want. Paying his bills, arranging his nursing care, that type of quality of life thing. Hold onto his nest egg until his son matures, or sending his son regular withdrawals. However he want's it done, we will adhere to it exactly.
We are nomads, and travel year round. It's no sacrifice to spend some time around where he lives for a period of time. It's the Denver area, if that would make a difference. We are not winter people, so I hope he has time.
Any advice? Is this a bad idea?