‘Seemingly Opportunistic’ Plan To Inherit Father’s Home Raises Ethical Concerns, Expert Advises Against Annuity Purchase
Dear Miami, Florida, A 56-year-old man living with his 93-year-old father, who needs round-the-clock care due to blindness and other health issues, seeks advice on how to transfer his father’s house to himself in order to purchase a lump-sum annuity for his sister. The man’s sister has a history of spending irresponsibly and has a track record of financial exploitation of their father. The man currently lives with his girlfriend who helps care for his …