Reply to would this possession of money offend you?

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[quote=Anonymous]I do not understand this at all. Mortgage interest rates are so low. I am paying less than 4%. How does paying off dad's mortgage let him retire? Wouldn't it make more sense to have the siblings pay the mortgage... rather than take their assets and pay it off all at once?

Also, I think it is improper for family members to expect family members of not-equal means to all contribute equally. I would not ask any member of my family (including an in-law) to "borrow" money from me to support that family member. That makes no sense to me. I agree that the sibling was hinting that they actually want that money back--that it truly is a loan that is supposed to be repaid. But if their sibling could not afford it, they should not have asked for an agreement that involved something their sibling could not afford.

OP, if you are still reading, I'd pay that money back just as quick as you can. And then next time you are asked to kick in money that you don't have to support your parents, say "I am sorry but I cannot afford it." [/quote]

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