Reply to Does your spouse owe your parents financial assistance?

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Reply to "Does your spouse owe your parents financial assistance?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My husband comes from a wealthy family and my family is middle class. I am an only child. Before we got married we discussed the following- 
We each have out own accounts and joint accounts for house, bills and kids. 
Gifts to our families come out of out personal discretionary money. My husband tends to buy his parents a book or send flowers. I buy my parents iPhones, a TV, a computer, etc. 
If something happens to me while they are still alive, he will take care of them. Not lavishly, but he will make sure they are not living in poverty. 
His parents are financially generous and we take care to protect and separate that money to pass it to our children. If we help my parents in their final years, we will do that out of our salaries and savings we earned. It will not be a wealth transfer from his parents to mine. I insisted on this - he doesn’t seem to care. [/quote]

This is so sweet and the relationship I aspire to have In my future marriage.

[/quote]

That is sweet and all, but money is fungible.   The 10k his parents put in your kids 529 allows you to free up 10k to do other things with, like support your family of origin.   This is all fine as long as it's not creating a wedge between you and your husband or creating weird extended family dynamics.   It's okay to accept generosity that doesn't come with manipulative strings.[/quote]

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