Daughter cares for mother who gave brother $100,000 — MarketWatch

A 54-year-old woman said she spends her time and own money caring for her 79-year-old mother and is wondering whether she should reduce this support. Her mother gave her younger brother $100,000. The reader’s story was published by MarketWatch.

The mother’s financial situation

The woman’s mother is 79 and is a widow. According to the daughter, the woman has about $900,000 in savings and investments, a fully paid-off house worth an estimated $600,000, and also receives Social Security benefits and a small pension. She does not live a lavish lifestyle and, in the daughter’s assessment, had no concerns about running out of money.

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A gift for the brother

The younger brother is 50, while the older sister is 57. All three children are financially independent, although the brother has always earned less than his sisters. About three years ago, he and his wife wanted to buy a house but had not saved enough for a down payment in the area where they wanted to live. The mother then gave him $100,000.

Mobility problems

According to the daughter, it became harder for her mother to get around after knee replacement surgery and a fall. She also stressed that she does not consider either her brother or her mother to be villains, which, she said, makes the situation difficult for her.