Reply to financial obligation for adult child

Forum Index » Family Relationships

Reply to "financial obligation for adult child"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]
Spouse has adult child (early/mid 20s) from previous marriage who has some special needs and has been unable to launch independently. We are currently supporting child living expenses at 1k/month, split with other bio parent. we have, over the years, spent much much more on various programs (30k in some years), attempts to help, etc. now child wants to try another professional development program (or other parent wants child to try it) which will increase costs again, by another 1k or more a month. Here's the question I have: what is our continued obligation, financially and morally? our combined net worth is probably around 10% -20% of other parent's, and we are in 50s.  More than half of that is from me; we also have other children who will be facing college in a handful of years and that is far from being funded. Currently 1k a month is about what we can handle.  Other bio parent's net worth is significantly higher, owns several homes including a recent multimillion dollar purchase, has a partner but no other children. Currently both my spouse and other parent make similar incomes, but other parent used to make 6-7x my spouse for years, hence the financial discrepancy. The proposal from here on out is that adult child's expenses are split 50/50 (according to income), not to overall net worth. I think it should be the latter. We are struggling right now with expenses ailing parents in care, etc and this is another dent in what should be retirement savings or college savings. Spouse and I rarely disagree about money but spouse is also basically financially illiterate and doesn't want any conflict with ex. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics