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Reply to "Paying FIL's mortgage on a property that I don't wish to own"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]He is sending his father $450 a month to help him keep the home. My husband believes brother in law won't have a choice in the matter as he ultimately will only inherit 45% of the house, which is the latest strategy. [b]FIL wrote this in pencil in his will, so it up must be enforceable, right?[/b] Husband basically says that owning that house is non-negotiable and that we will rent it out and make a profit someday. For now, we are supporting FIL and his anxiety ridden pseudo retirement. I think it's ridiculous for him to keep that house and selfish to expect us to pay. My family helps us out with preschool tuition and other expenses- so ultimately my mother is helping to pay for FIL's mortgage as well. He refuses to go to a financial planner to discuss this and just puts it on me to start generating more money. [/quote] Nooooo that's not enforceable. It has to be witnessed and notarized, at the very least!! Otherwise anyone could pencil in changes to the will. Also - at this point it sounds like you need marriage counseling more than financial counseling. This will sink you guys like it's sinking your FIL, and no amount of financial advice is going to help.[/quote] OP here. I was joking about the penciled in part :lol: I know this is all very absurd and yes, this ultimately will continue to strain my marriage. I am lucky that at least FIL isn't infirm and needing to live with us: $450 per month is a bargain relative to some worse scenarios...[/quote]
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