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When should you take your parents money away from them?
Posted on 1/7/14 at 10:30 am
Posted on 1/7/14 at 10:30 am
quote:
According to the industry’s most recent data, half of all adult visitors to casinos are aged 50 and older. With the rising numbers of seniors who have taken up gambling as a new form of entertainment, more than anyone ever expected have become addicted. From the anonymous schoolteacher who blew her nest egg to public figures like Maureen O'Connor, the first female mayor of San Diego and moral crusader William Bennett, gambling addiction among older Americans knows no social or economic boundaries. One poll found that 70 percent of seniors had gambled in the last year. The gambling addiction hotlines are ringing off the hook, and it’s often Grandma on the line.
Experts predict that the trend of baby boomers retiring, coupled with factors like the rise of casinos explicitly marketing to seniors, multi-state Powerball lotteries, proliferating slot machines, and a massive online betting surge, the crisis is only just getting started.
baby boomers created 17 trillion in debt, now they want to blow the rest at casinos
9
Posted on 1/7/14 at 10:32 am to Iona Fan Man
If there's one thing I never have to worry about it's my parents gambling 
Posted on 1/7/14 at 10:32 am to Iona Fan Man
when one is a lying, cheating whore like all women
Posted on 1/7/14 at 10:33 am to Iona Fan Man
If my retired parents were on a tight fixed budget I would talk with them. Luckily my parents were very frugal and don't gamble.
Posted on 1/7/14 at 10:35 am to Iona Fan Man
NEVER
If they earned their money I dont give a rats arse what they choose to do with it. If they leave me 0 but lived a happy life and enjoyed what they did with their own money so be it.
If they make use of an EBT card and find their way into the casino though they should be terminated.
If they have a mental disorder however you should try to get power of attorney.
If they earned their money I dont give a rats arse what they choose to do with it. If they leave me 0 but lived a happy life and enjoyed what they did with their own money so be it.
If they make use of an EBT card and find their way into the casino though they should be terminated.
If they have a mental disorder however you should try to get power of attorney.
This post was edited on 1/7/14 at 10:38 am
Posted on 1/7/14 at 10:38 am to Iona Fan Man
Set up a supplemental benefits trust for them if you are doing Medicaid planning. Not sure of the law in LA, but there is usually a five year look back period for Medicaid purposes.
Posted on 1/7/14 at 10:45 am to Iona Fan Man
Take their money as soon as possible. Get paid
Posted on 1/7/14 at 10:46 am to Iona Fan Man
quote:
When should you take your parents money away from them?
if your parents can't manage money, chances are you can't either.
enjoy your comemmerative plates
Posted on 1/7/14 at 10:47 am to Iona Fan Man
Their money. They earned it. And this is America. So never.
Posted on 1/7/14 at 10:52 am to Iona Fan Man
My parents earned that money, why should I (or anyone) take that away from them?
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