Not sure how to start this off, my dad is 60 and lives with my mom and 4 other siblings (age ranges 19-25). I am the oldest (35) and live with my wife about an hour away from them.
They are currently renting a home because his mortgage was foreclosed on during the financial crisis.
My parents have been very poor with managing their money since I could remember. My dad and I share the same name so a lot of his credit issues pop up on my credit report.
He attempted suicide before when he learned they were losing the house 9 years ago. It was the perfect storm of unnecessary refinancing and allowing the monthly payment to go beyond his means. He figured his life insurance would just solve the money issues for his family.
I stupidly didn't recognize his issues after the attempt and we kind of just swept it away like it never happened. (No judgement needed, I know how f-d up that was)
So here we are again, he has allowed himself to be engulfed in debt while my mom and siblings barely help with monetary support. The kids are all on a cell phone family plan (current bill is behind at around $1,000) and they are all on his car insurance plan which causes his overall bill to be higher because he has young drivers with a few minor accidents. Also my dad informed me last night that the IRS has come after him recently because he claimed my siblings as dependents longer than he should have. I don't know how much he owes but I believe it's a few thousand.
My Dad knows he needs help and willing to do what he has to do for himself but I can tell he is nervous about how the rest of my family will drag him back down into this again.
So I would like to know if anyone can recommend some steps on what I can do to help him. What type of person should we find for this? Does anyone know of any non-profit groups that help with this sort of thing?
TL;DR My dad just had his second suicide attempt over finances and stress. He needs help. I am working on the mental health and now need to figure out the financial planning.
Submitted August 24, 2017 at 11:42AM by Crashy_McCrashface http://ift.tt/2w87y9u