since then we have got her a job as the Wal-Mart greeter(hey Depends aren't cheap and i sure not paying for them) how much of her paycheck should we allow her to spend on herself?
2006-06-15 05:09:39 · 16 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
What a b****. My grandmother spent so much money on Boyd's Bears and kept telling me someday it would all be mine. Like I want that crap in my house??? Since I had power of attorney, I had her declared incompetent and put in a home. We then took her life savings and had an amazing vacation in Cabo. Well worth it and better than a bear planting a flower figurine.
2006-06-15 06:19:05 · answer #1 · answered by Anonymous · 7⤊ 9⤋
I had a similar problem with my old Gran ( they all go a bit crazy at that age) she was wasting money on food and in the winter she was putting an extra blanket around her shoulders, all this was draining away my expected inheritance.
I was looking at new car prices at the time and they kept going up, yet here she was just frittering her money away, I eventually snapped and hit her a few times with a big stick.
They took her to hospital so now she doesnt have to spend any money, they provide every thing!
The police were very understanding when I explained that she had been just begging for this treatment for a long time she had really provoked me into taking this action!!
Hope this helps??
2006-06-15 12:44:31 · answer #2 · answered by budding author 7 · 0⤊ 0⤋
Wow, I'm sorry. I thought all grandparents were like mine, saving everything they had to take care of their family once they pass away, including selling their house. We ended up with over 2.5 million. Calcualte a budget against how much she's going to make, how much she needs to live, and whatever is left over should go in savings, or if she wants to be living paycheck to paycheck she could spend it unless her family is helping her out and then I'd say whatever is left over is hers to do what she will with. I can't blame her though, she's just living her life to the moment and to the fullest, but everyone should do that with a back up plan and a savings. I wish her good health and the best.
2006-06-15 12:18:38 · answer #3 · answered by ac 3 · 0⤊ 0⤋
That's a really hard decision. Question is, is your grandmother competent or not. If she is well and made her own decision to spend the money, then that is her problem. It was nice enough as is for her to think of setting money aside for the rest of the family but truthfully it was hers in the first place.
Don't ever rely on someone to die to inherit money; it was never yours to begin with. She should get her entire paycheck. Anything less is insulting.
2006-06-15 12:14:36 · answer #4 · answered by Molly 6 · 2⤊ 0⤋
Do you have any idea how much those Marie Osmond dolls are worth? I suggest you do some research. Those things make beenie babies look like peanuts when it comes to collectors. Find out how many she has. You could be sitting on a gold mine.
2006-06-15 12:17:56 · answer #5 · answered by WhiteNacho 1 · 1⤊ 0⤋
She should spend 30% on expenses, 30% on savings and 40% on more investments in Marie Osmond dolls. They should increase in value by 150% over then next 7.5 years. Leaving you all very wealthy.
God bless her.
2006-06-15 12:14:37 · answer #6 · answered by blewz4u 5 · 0⤊ 0⤋
Donny Osmond dolls are worth more unopened, have her get some of those too. in the future, they will be worth more than Marie dolls.
BTW, it's not your inheritance until she dies, it's hers and she can spend it all on dolls. after she's dead, you can find good homes for the dolls on Ebay.
2006-06-15 13:39:49 · answer #7 · answered by corujoj 3 · 0⤊ 0⤋
What you will "allow" doesn't even come into the picture. It's HER paycheck, and she can spend it as she likes. It's not (I repeat -- NOT) your inheritance until she is gone. If I were her, and had vultures like you in my family I would make sure I spent it all before I went.
2006-06-15 12:19:33 · answer #8 · answered by kj 7 · 1⤊ 0⤋
How about all of it? It is her money and you have no legal right to it unless she dies and leaves it to you. What exactly makes you think you are entitled to anything of hers?
This would be a different question if your concern was motivated by her mental state and judgment, and you were concerned about her ability to have sufficient money for her own living expenses. But frankly, your greed in this equation sticks out like a sore thumb. It's clear whose interests most concern you (i.e., YOURS).
2006-06-15 12:15:36 · answer #9 · answered by lmnop 6 · 1⤊ 0⤋
I don't get it. She has so much equity in that Whole Life policy- why haven't you pushed her down the stairs yet??? You could sell her doll collection and invest in Gotti's pyramid adventure. She's already tripled MY money and it's only been 2 weeks!
2006-06-16 00:15:41 · answer #10 · answered by Antny 5 · 0⤊ 0⤋
These kinds of stories sadden me. In response to the information you just gave me, I must assume at least one of the following facts: #1 Your grandmother is fiscally irresponsible (I make this statement on the assumption that any kind of investment entails a measure of risk, who knows the dolls may be a windfall later), #2 She may be affected by some sort of mental condition such as early stages of dementia or alzheimers or #3 No one has power of attorney.
I recommend that if no one in your family has power of attorney to do so quickly. Have her state of health checked and her state of mind.
As for how much of her paycheck she should be allowed to have? My feeling is honestly all of it.
In regards to your reference on Depends, I find it's sad that we care for our children and grandchildren (and buy god knows how many diapers) only to find that they won't do the same for us when we are in need. So much for family values.
**Warning: Personal Rant on the subject of Inheritance
I personally feel that as children, we are not entitled to anything that our parents or previous generations have accomplished. Just because we are related by blood doesn't mean I have earned anything or deserve anything of theirs. Inheritance is meant to be a gift. We should have no right in determining what someone else does with their money. I personally find it rather repulsive when people circle like vultures around their elderly relatives demanding that these elders save their money just so that there will be more inheritance to spread around. It's a rather obvious display of greed. If my children ever think that they will inherit money, they will be wrong. I will leave them memories, momentos, love and my blessings. I will be donating the bulk of any estate that I may or may not have to charity. For those of you who think that this is stupid behavior, understand that I will leave something to help with them if they cannot support themselves, but I refuse to raise children who will look for an inheritance as some sort of crutch or parachute. I will not cripple their ability to be productive citizens of society with some sort of knowledge that they can be "trust fund babies".
**End Rant
2006-06-15 12:32:47 · answer #11 · answered by Sugarbear 3 · 2⤊ 0⤋