Barefoot investor Scott Pape has lambasted a pair of “grumpy boomers” who refuse to allow their seven children to manage their multi-million-dollar asset base because the parents do not trust any of their kin to look after them in old age.
A couple of “grumpy boomers” who do not trust any of their seven children to look after their multi-million dollar asset base have been dealt a confronting blow by Barefoot Investor Scott Pape . Barefoot investor Scott Pape has lambasted a pair of “grumpy boomers” who refuse to allow their seven children to manage their multi-million-dollar asset base because the parents do not trust any of their kin to look after them in old age.
“Too many times we have seen kids treat elderly parents badly in order to protect their inheritance.” He told Steve and Donna each state and territory in Australia allows people to appoint another person to manage their finances, known as an enduring power of attorney. The guru recommended Steve and Donna spend much more more time with their children and grandchildren to rebuild trust in the relationships.“You may have seven bricks in the bank, but you aren’t wealthy if you can’t trust them to look out for you as you get older.”
Power Of Attorney Assets Barefoot Investor Retirees Boomers Wealth
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