She is not in danger of exceeding the federal estate tax-free exempt amount in the foreseeable future.
At age 70 she may have 30 more years ahead of her, some of which may be in assisted living or nursing home type placement.
She undoubtedly has worked hard to accumulate what she has, perhaps some was accumulated while a spouse worked and she raised the family.
Her expenses are significantly greater than her income.
This is no time for her to give away any of her financial safety net.
Rather than expecting financial gifts from her the kids should be giving to her to support her current and future needs.
At age 70 she may have 30 more years ahead of her, some of which may be in assisted living or nursing home type placement.
She undoubtedly has worked hard to accumulate what she has, perhaps some was accumulated while a spouse worked and she raised the family.
Her expenses are significantly greater than her income.
This is no time for her to give away any of her financial safety net.
Rather than expecting financial gifts from her the kids should be giving to her to support her current and future needs.
Statistics: Posted by 123 — Fri Sep 27, 2024 8:52 pm