Legal cartoons and humorous comment (c) Paul Brennan. All rights reserved.

I decided on 101 reasons as I didn’t want to depress the entire legal profession by having 1,001.
Paul Brennan, Lawyer, Sunshine Coast, Queensland, Australia

Sunday, July 31, 2011

# 96. They hate parents



Dear John

legal cartoon, lawyers, solicitors, Paul BrennanMy parents are getting on and I am concerned that they are no longer able to exercise their usual prudent financial rigour to the assets that they have amassed. This is of particular concern to me as I have inherited only “Right Brain”  artistic type genes and money has not really interested me up to now. But I would be extremely distressed if it stopped short.
Should I take on some of the burden of managing my parents' finances?
Worried Daughter

Dear WD

Most children believe that their parents are well meaning but a little daft, or is that just my children? Parents are not to be trusted with decisions concerning  your inheritance as the consequences of a wrong move can have serious implications for you. They could go completely gaga and spend it! Therefore you must get involved. Once you start applying estate planning principles to your parent’s money rather than your own it becomes a fascinating subject.

JF

(c) Paul Brennan 2011. All rights reserved.  Extract from John Fytit’s International Legal Problem Page. For more go to   http://www.lawanddisorder.com.au/legaladvicepage.html

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