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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My concern would be that no matter how the 20k is paid, this is only the beginning of huge expenses coming your IL’s way.

Do they have any assets to sell like an extra car? Anything that would bring in some liquid?

This is a wake up call, OP - I really think they need to sell current home and downsize immediately- they can’t sustain their current lifestyle.

I think I’d list their house AS-IS and sell through a We Buy Any House type service. Get some cash and go from there.
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Where in the world do people think they can live cheaper than in a paid off house?[/quote]

Depending on the house, maintenance and utilities can be more expensive than a senior apartment.  Additionally, moving to a condo with low maintenance expenses can be cheaper.  Both of those options also free up the equity.  Often, seniors let their house rot around them which isn't in their best interest, and then their house is worth far less when they finally do sell.[/quote]

A senior apartment will be $5-10K a month.  Why do people think others should move when they don't want to?  Who cares what the house is worth?  Its their home.[/quote]

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