Quote:
Originally Posted by DoubleF
It literally sounds like you're getting to the point your mom should consider getting a tax planning engagement done. Start doing some of the estate transfers to the beneficiaries/kids earlier and while mom is still alive.
|
I understand this is probably the best approach financially. But as the person holding enduring power of attorney for both my parents (my dad is in a care home), I’m concerned about the ethical and legal considerations of drawing tens of thousands of dollars out of my mom’s financial assets and gifting it to me and my sister. My parents don’t have the capacity to make financial decisions of their own, so they can’t really give consent.