My parents and my wife's parents are all in thier 80s and are in that inevitable slow decline to death.
There is a small part of me, that I try to keep hidden and subdued that thinks. If they did die, now. At least there'll be an inheritance. And there carefully saved rainy day fund can be my rainy day fund. 1/3 of both lots of assets woukd allow me to retire.
Obviously I don't want that to happen which is why they are being treated like they should be. We are doing shopping, and leaving it at their front door.......
I sympathise as I have first hand experience of this with my parents. Over two years ago my mum was struck down with a stroke (my dad was already registered disabled). She has been chair bound since that day, totally reliant on carers for home care. I was made POA so had to deal with everything. You start caring for them with a good heart, doing everything within your power to make them comfortable, whether it be doing their shopping or fitting rails etc. I get phone calls at all times, whether it be day or night. I love them to bits but it gradually wears you down, so much so that you start to give up on life yourself.
It would break their hearts to know what they have done to my life. My weekends are written off because they rely on me and I can't sleep because I'm waiting for the phone to ring. I can't drink because I may have to shoot off at any time because something has happened.
Financially my parents were very comfortable, and happy in the knowledge that my sister and I would inherit their hard earned savings and the house.
The reality of them having decent savings after both becoming disabled is: Carers visit = 4 X £18 per half hour visit per day. Times that by 2 for both of them, double it on Bank Holidays, Christmas etc. and you'll soon watch over £120K disappear before your very eyes.
I was naive, never having had to deal with anything like this before, so I just paid the bills as they rolled in each month. My parents owe me nothing, I've never asked them for anything, so I let it happen. I'm sure a lot of people would have robbed them blind but that's not me. My inheritance will now be a big fat zero as they are now both on social care anyway, being below the financial threshold now. My annoyance is that they didn't spend the money on themselves, they could have had such a good life with all that money but they chose to save it for me and my sister to inherit. Ironically, the Coronavirus Lockdown has been the longest rest I've had from working full time and my other evening and weekend duties.
So folks, please learn from this as you'll only get one bite at the cherry. Look after your own kids now if you so wish, as one day it will be too late, as my parents found out.
Apologies for droning on.