Rich Old Fart

[auntiem]

Did he start this kind of behavior shortly after he retired? I ask because this is kind of common - esp. with single men. All of a sudden they are dumped into retirement and lose social contacts and a sense of doing something that means something / has a purpose. I think he is doing all this fussing about with his money to be doing something and to have social contact.
Would he consider setting up a tuition account for his nephew? Isn't there a tax break for doing that - it would be a win/win. He gets to do all kinds of research and talking to you guys about it and the gov'mint won't get any more in taxes from him.

[EricKei]

Maybe he can get a tax break for donating some to charity? If so, tell him that ^_^

As for the death thing -- yeah, iirc, at least in the US, it goes to provable next-of-kin, but if there is no will *at all*, the tax rate is something egregious...Something like 60% "death tax". With a will, the tax is much lower.

For the record, please, no debating on whether or not we should be paying taxes (after death) on money we already paid tax on while alive >_>

[Ghel]

Did he start this kind of behavior shortly after he retired?

I have no idea. He retired before I started working at the bank. But, yeah, I get the impression that part of the reason he comes into the bank so often is to socialize. As I mentioned above, he always has some sort of story to tell (often the same one over and over). He came in Friday to check on one of his other accounts and told me about being an MP while stationed in Italy during the 50s.

Would he consider setting up a tuition account for his nephew? Isn't there a tax break for doing that - it would be a win/win. He gets to do all kinds of research and talking to you guys about it and the gov'mint won't get any more in taxes from him.

The nephew's in his 40s, I think, but even if he were school age, I doubt Chuck would go for it. He's already said that his nephew doesn't "deserve" the money.

Maybe he can get a tax break for donating some to charity? If so, tell him that ^_^

Yeah, I've mentioned that. But it seems like he doesn't want to give his money away any more than he wants to spend it. I keep suggesting that he make out a will (and perhaps leave the money to charity), but I doubt he will, since it would require paying an attorney to make out the will.

[Pixilated]

Sooooo . . . He's looking for a wife, is he?

Wait, I saw him first ...

Well, Ghel, it sounds like you have already gone over and above your job description and he's just not listening (or not hearing). He sounds eccentric for sure but not actually senile. I understand the Depression mentality but he seems to have really taken it to extremes.

However, it's his money ...