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My Dad was in the same boat as you both, Gayle and Betsi. He did everything possible for her, and gave her everything. When she died, he told me he felt guilty because she always wanted a terrace, and he never gave her that. I guess that's how it is....always something to feel guilty about, but I don't think that lasted long.
I spoke to my financial planner yesterday. I would have to sign my house and my annuity (IRA?) over to Jessie 5 years before I end up in a nursing home. He asked if I have any health issues. I gratefully (Thank you God) told him that I don't; just preparing things. He said they do not think it is a good idea. I lose all power over my house, and that's just not good. My annuity would have to be sold, taxes paid, and then signed over to Jessie. I don't have enough in there to bother. He ssaid that if I were wealthy, he would recommend long term care insurance, but the premiums are quite high. His suggestion....forget about it and enjoy my life.
I guess I will revisit this once a year, and make a decision based on circumstances. I do want to leave something for Jessie. I can figure it out somehow.
I hope I don't end up in a nursing home anyway. I'd rather die in my sleep, or very quickly at least.
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