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Is it normal to have to give old parents money? They have leached off me all of my adult life. I feel guilty so I give them what I can. Now I'm being pressured to increase my support payments by other siblings who have more resources than I do.
maybe work on percentages...you earn/own less so your contribution is smaller
Give what you can, but stand firm. Your life needs to be OK or you may lose the ability to contribute anything.
The simplest solution would be to get together with your siblings and buy an annuity for your parents. It would give your parents a fixed income on which to live and alleviate the nickle and diming each month.
This is all backwards... You should help your parents if they need it. But maybe you need to stand up more to your siblings and get them to share some of the burden... or at least stop pressuring you.
How about in situation where they are in the position they are in due to their own bad decisions? Do you think all siblings should contribute equally, even if one is very wealthy by most standards.
Do you mean the position the parents are in, or the children? I would tend to be pretty forgiving either way; things are as they are, it doesn't really matter why.
As for contributing equally, no, I don't think so. By contributing equal amounts, you will feel the financial burden a lot more than your sister, which really isn't fair. I think she should realise that it might be her place to pitch in a bit more.
Thanks jeebly, the situation the parents are in. Specifically the father, through his own choices, and being irresponsible. I am being pressured by very wealthy older siblings to make equal contrbution. The wealth was not earned, but passed through inheritance. I think she should just pay the bills.
And what does she say? I guess obviously she doesn't want to do that... I agree with you. Although you should probably contribute at least something if they all are. Unless its like...a crazy amount of wealth, then...i dunno. I hope it doesn't put too much strain on the sibling relationships
My father is old and did not plan for his retirement. He was good to me as a kid, but has not been in my life since I was 17 or 18, except to accept money. He is now 84 and needs nursing care which I may be able to help with, but would put me in a bad place financially. I have 4 other siblings, 1 of which is very wealthy, through an inheritance from her late husband, but still wants me to share this financial burden.