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Reply to "Does anyone have a sibling they may one day be responsible for?"
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[quote=Anonymous]This a very tough situation. Frankly I'd focus on helping her daughter. I know this is easier said that done, but I'd help her apply to boarding schools that fully meet tuition need. (Exeter is one, but I know, that's like saying "apply to harvard, it's a good school." The Posse Foundation is focused on finding poor students full scholarships to college, but they might have suggestions for how poor kids can access free private high school education). When your MIL dies, I would sell the house, buy your sister a trailer or similar extremely-low cost stand-alone home, and put the remaining money in a trust for her daughter. Mother can receive interest from the trust but not be able to access the principal. [/quote]
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