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[quote=Anonymous][quote=Anonymous]hey, i'm trying to figure out around how much my mother law is worth, she's very secretive about her 'old money' inherited from her parents though i do know the following.

when we go out to dinner with mother law she pays, around 500 - 800 any time we go out.

she owns a house off michigan ave in chicago, and a 4 bedroom home on a pga golf course in naples florida (around 800k minimum from what i've looked into)

gave wife a diamond necklace appraised at 80k for a graduation present

bought both daughters vehicles around 70k each, wired us cash to buy my wife's latest car.

wife has a black amex, that between her, her brother and mother typically rack 30k a month on the joint account.

wife and her brother went to private school (30k tuition each, and 50k tuition for college) - (thats like 400k for both girls).

we also know mother in laws mom owned a home in southern california with 14 bedrooms and 11 baths.

my wife and i both work very hard, we typically are able to charge the majority of the things in our life on the amex her mother provided for us and invest the rest of our measly  income (around 110k a year) we live well beyond our means me driving a 80k bmw living in 1+ million dollar home, and her mother flips the bill for everything.

do you think this ''old money'' will ever run out? my wife and i aren't sure if we need to plan for a major life adjustment if it does. with all of this spending, how much money would the mother law need to sustain a positive flow (she doesn't work, though I know she does major investing).[/quote]

SHe is in debt up to her ears trying to maintain the "old style".  You will have to support her in a few few year.  Save save save.[/quote]

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