Taking Care Of Business  

Wickedcurve 53M
281 posts
8/1/2006 5:03 pm

Last Read:
8/5/2006 9:50 pm

Taking Care Of Business

I am going home to Springfield, MO until 8/13 to take care of some business that needs to be attended to. Within the last few months my Mother has talked to me about supplementing her income more than I am now. For a while now I've been helping her here and there with some of her bills in order to help her financially. Now it seems she is getting panic stricken because she can see the end of the money my Dad left for her when he passed away back in '97. She gets my Dads social security however it is not enough and she has to take money out of the savings in order to adequately pay her indebtness as well as live.

The solution we've come up with is me purchasing the house she lives in with her carrying the loan. She will still remain there at the house but the house will be in my name and in the event of her passing away from this world no matter how much I owe on the house the debt will be nullified. Another reason for doing this is because hypothetically if she enters a nursing home (I told her I would never let that happen) and the house is in her name they can take it along with everything her and my Dad worked for during their lives.

I recently witnessed my Aunt and Uncle (recently passed away) losing everything they had worked for to a nursing home. All the memories, furniture, collections, paintings, et al were auctioned off. In the end it was almost as if they never existed and their kids didn't get a thing, not even a penny. To me that's very sad.

My Mother and I are being preemptive in doing this to secure not only the house but the memories as well. By me purchasing the house I will be supplementing her income and at the same time benefiting me financially.

Shazz1971 44F
1052 posts
8/1/2006 6:56 pm

You're a very good man.

GossipJunkie 40F

8/1/2006 6:59 pm

It's a good investment...for both of you.

"Dance like nobody's watching"

bikerbabe57701 49F

8/2/2006 9:28 pm

Damn I want someone like you in my life....I guess I do already because we are "friends" here. Your a hell of a man. If you ever need to hear it....just look me up!!

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