How can I prepare financially to raise my 2 year old and 10 year old sisters just in case our single Mom passes?
My Mom is in her early 40s and I worry about taking care of my sisters if something happens. We don't have any living grandparents, and no aunts or uncles. My Mom has, maybe, $3,000 in assets.
- 1 year ago
Why are you even thinking about such thing? Is she ill?
- 1 year ago
Yes you can
- JudithLv 71 year ago
If you live in the US and your mother is employed, then you would receive monthly social security survivor benefits for your sisters until they are at least age 18 years old. If your mother doesn't have life insurance then she needs to get it - you could help her pay the monthly premiums.
- JudyLv 71 year ago
how old are you?
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- LollyLv 71 year ago
She should have life insurance.
- BLv 71 year ago
consider taking a job and taking the proceeds into savings
- Anonymous1 year ago
I'm not sure how old you are but you sound like a good person. Go to school and do well.
Is your mother I'll? Because odds are if she's not, she will be fine. Dont obsess over this.
- AthenaLv 71 year ago
More of a Finance & Business question than a Singles and Dating one.
I wold ask over there.