Long story short, my father (bio) and mother-in-law are in a very similar financial situation - totally fucked. Both of them have never held a steady job, mostly worked for under the table cash their whole lives, and do not have a single penny to their name, and totally tanked credit. They are both also quickly approaching being too old and weak to work.
How do I deal with this from a financial perspective? Obviously, I don't want them to be homeless, but on the other hand, my wife and I don't make enough to support them, and we definitely don't have a large enough home to house them. Since they mostly worked under the table I worry they will not have any means to support themselves otherwise (Social sec will be super low right?).
I thought I had also heard that housing or paying for rent for your aging relatives can put you in a bad spot because they could be considered dependants or something - Ultimately I want to avoid having any kind of tie to their stupid financial mistakes - I'm pretty sure both have massive amounts of debt that have gone unpaid.
How do you deal with this? What kind of options are there for the elderly who don't have a penny to their name?
Submitted July 24, 2019 at 05:37PM by samantha7202 https://ift.tt/2Mdcx2O
