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Reply to "BIL siphoning off money.... legal and financial planning advice wanted. "
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[quote=Anonymous]You won’t have any financial liability for MIL once she’s gone. Her estate will, but not you personally. The financial planner should be aware of any legal liabilities and be steering her clear of that. If you’re worried about having to support MIL, consider saving all the money she gives you and your DH. But MIL may have more assets than you know, especially if FIL had a good life insurance policy. Your DH could talk to his mother to make sure she has all she needs for her future needs. One thing he should keep and eye out for is any signs of dementia. Unfortunately, an inability to manage finances is one of the earliest symptoms. [/quote]
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