Reply to How should we handle this situation with ILs?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It was a gift. Legally, you don't have to give it back. Ethically, you don't owe them a return and you certainly don't owe them a guarantee on the market's return on an investment (do they take you for an insurance policy?!).

If you want to give it all back as a way to make a clean break, okay, take whatever is easily liquidated and transfer it back. Or liquidate the investments and put it in a 529 for your son so the funds aren't with you, the offending party in ILs' eyes, but are with their grandson, who they hopefully still wish well.

Aside from money, let them know that prior to this episode, you had been enjoying having them in your son's life and you hope that can pick up again when the dynamic becomes more healthy. [/quote]

Keep the money.  We don't know where you live or where the IL's live but where they live when/if incapacitated can determine your [because DH is their son] legal obligation for their support:
http://www.forbes.com/sites/northwesternmutual/2014/02/03/who-will-pay-for-moms-or-dads-nursing-home-bill-filial-support-laws-and-long-term-care/#2715e4857a0b699c6d9c5620

At least this way you'd be spending their money.[/quote]

A sign of a declining society when these laws are enforced. It's sad to come after adult children for parents' medical bills. [/quote]

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