Reply to Elderly in-laws refuse to sell house that needs $200k of work, are out of money, can’t get loan

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Reply to "Elderly in-laws refuse to sell house that needs $200k of work, are out of money, can’t get loan"

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[quote=Anonymous]OP, you need to ask your DH how he sees his parents' lives and their care needs playing out long term. Go tour a few long-term care places (just you and your DH) and let him get an eyeful and an earful of how much even a very modest place will cost. It will probably really upset him-- reality checks tend to do that and he seems pretty clueless/in denial. But this way, you're not the one trying deliver bad news. The facility and their printed materials are.

When he wants to spend money on them, your best bet is to convince him to put it in a savings account for their needs. Their *real* needs, not their desire to eat fancy food. Say to him yes, DH, I love your parents very much and I agree that we need to help them. But we need to save money for their *real* needs.

Meanwhile, you need to focus on your own family's savings goals. Look at your own budget and expenses and see what you can do-- not so that you can spend more on your in-laws, but so that you can save more for your own future and your children.[/quote]

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