Alon Gal advises: This is how the mother will worry about her son being unable to function
The business coach comes to Walla! Business: Every week a wave advises on areas of life that concern us all. This time: A listener whose son is unable to support himself is worried about what will happen after her death
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Pensive man drinking coffee (Photo: eryl Case, ShutterStock)
I have a very sensitive 29-year-old who loves people, plants and animals, "Listener told business coach Alon Gal on his program on Radio 103FM." Ten years ago, a problem was found in his brain that he couldn't function like anybody and continuously support himself. His mood is in waves, once he is up and once he is down. Although he was told explicitly that he would not be able to support himself, he refuses to go to Social Security to receive an allowance and very much tries to earn a living on his own and as a result falls into a black hole every time.
"Unfortunately when his mood is poor he can't be trusted with money, and he tends to borrow money from friends. When I came to make a will, I debated whether to bequeath the apartment to him and I'm afraid he'll sell it. I don't have anyone responsible in the family who is willing to take care of it and who I trust, and also state agencies that deal with On this issue, I no longer trust. So I decided to open some kind of pension fund that would be spread to my son after my death each month. "
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Gal replied: "You are talking about a retirement pension that includes pure savings, in which you give the X fund and it puts the coefficient in. This pension has very clear coefficients related to the money you saved. So there will be no assurance that the entire amount you deposited can be set aside Your son every month. They will take your money, divide it into pieces and give it to your son. The insurance component only exists when it comes to a person who is retiring, so the pension company does a life expectancy and is called a mortality-promoting factor. What you want exactly doesn't exist.
"Suppose you deposited a million shekels and they were able to generate 3% in ten years, the company will divide the amount and determine that the benefit can be distributed to your son for four years."
It doesn't help me, I want to sleep quietly and when I go into my world I want to make sure he has food all his life
"So you need an appointed guardian, and not necessarily on behalf of the state. In such cases, you take a lawyer, not necessarily on behalf of the state, along with two other people you trust and write a will that on the day you go dead you will receive a fixed allowance in money when written how possible and impossible to invest. The money. The two people you trust can make a different decision by a majority of votes. "
And if I don't have other people I trust?
"There is also the option to buy with the money an investment apartment that will be registered in his name with a warning note to a lawyer that your son cannot sell the property. I can recommend you to people who deal with it."
