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Money and Finances
Reply to "Parents out of money at 75"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Just give them the money. Pay it directly to the company.[/quote] +2 FFS If you can afford it and they were/are good to you and your husband [/quote] I would not do this. I would not be willing to write blank checks for my in-laws to live above their means for the rest of their lives at my expense. What we did was make my in-laws put the house into an irrevocable trust for their benefit while they were alive but with us as the trustees. That way we could have some oversight over how money was spent and ensure that they didn’t immiserize themselves further.[/quote]
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