Reply to Does your spouse owe your parents financial assistance?

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[quote=Anonymous]OP one of my best friends is in a similar situation where she sends money home to her Asian parents against her husband's wishes and they are on the brink of divorce over it.  He's put most of his money in a Trust for their kid because he actually and legitimately feels like he needs to protect their child from her and her parents.  I love her, but I understand why he did what he did.

I'm American and understand there are cultural differences at issue here, but I feel strongly that my first responsibility is to my own dependent children.  I wouldn't feel good about sending money to able-bodied parents until my children's 529 accounts were fully funded.  Moreover, I think you need some boundaries with your parents on how much of your income you can allocate to them v. your own household and retirement.

You are in a difficult situation, OP.  I don't think it's fair to ask your spouse or your sister's spouse to contribute, and I think you need to figure out how much of 'your' income you should allocate to your parents v your young children and your marriage.  [/quote]

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