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Finally broke the $9000 mark

June 8th, 2015 at 09:00 pm

My $20 challenge finally broke the $9000 mark. As of today, my challenge total hit $9007.00.

Some sad news with FIL. He is feeling badly and does not feel like he will live much longer. (he will be 95 in Oct.)
He called last night and wants my husband's help. He wants to leave everything 50/50 between his two sons.
His youngest son, in spite of having a good job and his own business, is almost bankrupt because of his wife's spending. (He spends too)
He wants my husband to talk to me and see if I can help him out. Unfortunately, he gave his house to his youngest son several years ago and the house is in the son's name; even tho he (FIL) pays the taxes and all of the upkeep.

Sadly, it is too late to do anything, he gave the house away to the youngest son. It is to late to try and go back to having the home in his name. We hate to tell him this, because we want him to die in peace.

His reasoning was, the youngest son owes so much money that he needs the money more than my husband does. Now, he realizes that everything he owns (FIL) will be sold to pay off some of the debt, and it upsets him. I don't know what to tell him.

I do think it is time for us to update our wills.

Posted in $20 Challenge | 6 Comments »

6 Responses to “Finally broke the $9000 mark”

  1. creditcardfree Says:
    June 9th, 2015 at 01:11 am 1433812290
    1433812290

    Oh, that's tough! Hugs to you and your family Julie.

  2. FrugalTexan75 Says:
    June 9th, 2015 at 01:43 am 1433814199
    1433814199

    That is a difficult situation. Hugs

  3. Joan.of.the.Arch Says:
    June 9th, 2015 at 01:47 am 1433814477
    1433814477

    Oh, Julie, that is sad. I hope in his last days you will be able to assure your FIL that everything will come out right.

  4. VS_ozgirl Says:
    June 9th, 2015 at 12:27 pm 1433852867
    1433852867

    Very sorry to hear your sad news. Hoping he will see his last days out with some peace - what's done is done and there was a reason he made the choice to give the house to the youngest son- he thought he was doing the right thing. Now is not the time to be sad about it, now is the time to share meaningful last things.

  5. Greenleaf Says:
    June 9th, 2015 at 03:07 pm 1433862460
    1433862460

    It's sad that he's upset about the situation, but would he be reassured that because he raised your husband to work hard and save (and with all your help!), you don't need the inheritance to have a secure life?

  6. Ima saver Says:
    June 9th, 2015 at 03:20 pm 1433863209
    1433863209

    WE just want him to feel at peace. I am sure he knows that my husband has no money problems and does not need the inheritance of his duplex. I just hope the brother will spend the inheritance wisely.

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