Midpack
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I doubt I am able to be objective (at least yet), but if you have insights or good resources to suggest it could be very helpful. I thought there was a thread on this in the past few years, but I can't seem to find it using search (I prob haven't found the right search terms).
Parents are both alive 92yo, at home, but really starting to struggle. Neither of us live near parents. Sister has volunteered for several years to move closer and act as caregiver, but parents keep saying not yet. [I'm afraid they'll wait too long, and then expect her to drop her career and move immediately, but that's another topic.] Parents are fiercely independent as you might imagine, they want to pass in their sleep without ever having outside help, but...
Sister is single, renting, and still working - seems to think she's nearly FI but that may be a little optimistic. Presumably she'd have trouble finding a new job at age 66, and she'd planned to work until age 70, so she'd be sacrificing some if not all income for 4 years. So she will lose income, and have moving expenses to deal with.
Sister is willing to move into the house, but parents don't want sister in the house, want her to have an apartment nearby.
Understandably they don't want sister to get hurt financially (neither do I), and force her to move and end her career 4 years early. Though they could move themselves into assisted living and/or hire more in-home help so sister could continue her career where she is now.
Parents can easily pay all her expenses/income for as long as they live, they've told us so over and over. However, Dad has decided that I need to pony up to pay for sisters expenses, to what extent he hasn't made clear.
It almost seems a fairness issue with Dad, so I am wondering if I should just suggest they pay, and write me out of their will so sister comes out (way) ahead financially.
I can argue both sides (and will in subsequent posts if necessary), though I am a little put off by my Dad's stance, after being assured for years that money wasn't going to be a problem (and it isn't for them).
Sorry if TMI, but I wasn't sure what might be pertinent. I want to be compassionate, but objective? Unfortunately I may be having a tough time separating the financial options from what's right/fair?
Any insights would be most welcome.
Parents are both alive 92yo, at home, but really starting to struggle. Neither of us live near parents. Sister has volunteered for several years to move closer and act as caregiver, but parents keep saying not yet. [I'm afraid they'll wait too long, and then expect her to drop her career and move immediately, but that's another topic.] Parents are fiercely independent as you might imagine, they want to pass in their sleep without ever having outside help, but...
Sister is single, renting, and still working - seems to think she's nearly FI but that may be a little optimistic. Presumably she'd have trouble finding a new job at age 66, and she'd planned to work until age 70, so she'd be sacrificing some if not all income for 4 years. So she will lose income, and have moving expenses to deal with.
Sister is willing to move into the house, but parents don't want sister in the house, want her to have an apartment nearby.
Understandably they don't want sister to get hurt financially (neither do I), and force her to move and end her career 4 years early. Though they could move themselves into assisted living and/or hire more in-home help so sister could continue her career where she is now.
Parents can easily pay all her expenses/income for as long as they live, they've told us so over and over. However, Dad has decided that I need to pony up to pay for sisters expenses, to what extent he hasn't made clear.
It almost seems a fairness issue with Dad, so I am wondering if I should just suggest they pay, and write me out of their will so sister comes out (way) ahead financially.
I can argue both sides (and will in subsequent posts if necessary), though I am a little put off by my Dad's stance, after being assured for years that money wasn't going to be a problem (and it isn't for them).
Sorry if TMI, but I wasn't sure what might be pertinent. I want to be compassionate, but objective? Unfortunately I may be having a tough time separating the financial options from what's right/fair?
Any insights would be most welcome.
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