Anyone here who is a daughter and is taking full Care of parents' retirement money? Like their investments, bank accounts etc etc. I started a thread on the stress I'm undergoing trying to do that. But there I'm unable to pen down my points properly and Way too much information I would be revealing trying to convey my point of view. So I'm looking for a generic advice how I can do it without hurting my parents. To give a jist of the situation, parents haven't planned anything for the retirement life . Be it health insurance or their stay(they don't own any property of their own) . Mom's a spendthrift and all money goes in spending in Sarees n Jewels. So I decided to take charge n do a good savings plan but we end up arguing on so many things and finally what I understand is my parents feel it's their money n they should enjoy(buy Saree, Jewels n roam around to temples) with it as long as they are alive. My idea is to invest it safely so that they are secured for the next 15 years. This is giving them a feeling(partially fed by some relatives) that me n my sibling are snatching away their money so that we could keep it ourselves later . Our intentions are to make their future secured. Will having a legal document saying something like "we don't want their money later, but as long as they are alive their investments will be taken care by Me n my sibling " make any sense. Seeing the everyday arguments about the money this was suggested by my better half. He felt it's safe to have a legal document saying we don't require their money. How can I assure them I'm only doing it for their good.?