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Money and Finances
Reply to "Putting limits on helping a parent"
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[quote=Anonymous][quote=Anonymous]This is the previous poster who put her MIL on an allowance. I think the important thing is to be very firm and let them know that if they want your help they need to follow your rules. If they want to take care of their finances on their own that is great, but you will not provide any assistance. It's virtually impossible to get someone ruled legally incompetent so they have to buy into the plan. Any time they complain, offer to step away and let them take over their own finances again, but make it very clear that if they do that you are not providing any assistance of any kind. This is not easy to do with a parent (or a child for that matter) but it can be done. I wish we could have done this year's earlier with my MIL, but we had to wait for her to hit rock bottom before she would agree to it. She finally reached the point where she realized she could end up sleeping on the street and that is when she agreed to follow our rules and let us help her. [/quote] Well this is it. We need to wait for them to fully run down their assets before they would even consider letting us intervene.[/quote]
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