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by LeifCarrotson 3185 days ago
I'm optimistic that you're just playing devil's advocate here, so I'll respond politely, because this article has my blood simmering. Not boiling yet, but close.

One important correction: The grandfather was aware of the finances for the first 20 of 30 years, the OP says that the losses occurred "since that time". So it's 10 years, not 30; multiply any compensation by 3.

A second, more important correction: the 'compensation' to the aunt comes from drawing on grandma's assets and also her income. OP asserts that grandma's income is $7k/month, or $840k. Added to the $400k in assets spent/lost, this is one and a quarter million dollars.

$13k/year is not enough to be visibly irresponsible with money, it's a reasonable or even small rate for family care. But $125k/year is unsustainable, as demonstrated by grandma's dwindling assets.

1 comments

Counter-devil's advocate: The older you get, the more (exponentially sometimes) expensive it gets to keep you going from day to day. Depending on one's health, the cost of surviving an extra 6 months could be as much as the cost to stay living during the previous 10 years.
Counter-Counter I suppose:

Regardless of the cost of living, death does very strange things to people and can flip an entire history of a relationship on its head. It happened with my family where a relatively calm and expected death ended up estranging members of the family because of what the deceased had written in the will.

I really am not looking forward to my parents' passing, as I live (and probably will still be) living abroad, though I am executor of their estate. Inheritance always brings out bad blood.