Exactly so - I think a lot of people our age or below are playing parental illness roulette.
On the one hand die in their sleep in their late 70's with no long term debillitating illness like one of my grandmothers or live forever requiring 24 hour care post stroke like my other grandmother.
Also, if your parents are very well off then they can met the costs of personal care from their income (as my grandad did) and leave all or most of their accumulated capital as a legacy. If they are only moderately well off then personal care will eat their accumulated capital until they don't have any.
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timeasmymeasure
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Date: 2012-03-27 04:23 pm (UTC)On the one hand die in their sleep in their late 70's with no long term debillitating illness like one of my grandmothers or live forever requiring 24 hour care post stroke like my other grandmother.
Also, if your parents are very well off then they can met the costs of personal care from their income (as my grandad did) and leave all or most of their accumulated capital as a legacy. If they are only moderately well off then personal care will eat their accumulated capital until they don't have any.