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Reply to "MIL lost FIL money for retirement "
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[quote=Anonymous]It would be stupid to give them money. I actually think it was stupid of FIL to pay off her debts. What’s the point? If your husband is in his 30’s the in-laws are probably in their 60’s or older. There’s no new income streams or credit to protect. The smart move would have been to transfer all assets to their children and declare bankruptcy, but obviously too late now. MIL needed to be in the uncomfortable position of getting her card declined at a store and having new applications rejected. What your FIL did is called enabling. He’s now asking for your help to enable more bad behavior. [/quote]
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