C
cakesnmore
Guest
I am looking for some help in counseling my father in law. (actually, my husband will be counseling , I am looking for the info to help him do it)
My 60-something yr old father-in-law will be moving in with my husband & I and our 2 kids in a couple months for an unspecified amount of time while we help him heal from a surgery, quit smoking, drinking etc…as long as it takes for him to rehabilitate himself basically. He is on social security, and does not have a job. He is in the process of selling his mobile home in another part of the country and then flying here. (Here’s where its a little sticky, he has been known to make poor financial decisions in the past, and we would like to help him .) While my father-in-law wants to give away the money and pay off a credit card etc, with the sales from his home, we would like for him to invest it, or at least set it aside in an account for when he is well again. We plan on taking care of him entirely while he is with us, but would like him to have somesort of a footing financially for his future, assuming he will be around for another 20 yrs and would like his independence again. He could easily stay with us for free, get well, pay off his debts with his social security income, while still allowing the proceeds from the sale of his home to wait for him.
How do we talk to him about helping himself financially, when his mentality is “God will provide” so I’ll just give it all away and see what happens… ( while we spend that time worrying about him).
Help!
Shelley
My 60-something yr old father-in-law will be moving in with my husband & I and our 2 kids in a couple months for an unspecified amount of time while we help him heal from a surgery, quit smoking, drinking etc…as long as it takes for him to rehabilitate himself basically. He is on social security, and does not have a job. He is in the process of selling his mobile home in another part of the country and then flying here. (Here’s where its a little sticky, he has been known to make poor financial decisions in the past, and we would like to help him .) While my father-in-law wants to give away the money and pay off a credit card etc, with the sales from his home, we would like for him to invest it, or at least set it aside in an account for when he is well again. We plan on taking care of him entirely while he is with us, but would like him to have somesort of a footing financially for his future, assuming he will be around for another 20 yrs and would like his independence again. He could easily stay with us for free, get well, pay off his debts with his social security income, while still allowing the proceeds from the sale of his home to wait for him.
How do we talk to him about helping himself financially, when his mentality is “God will provide” so I’ll just give it all away and see what happens… ( while we spend that time worrying about him).
Help!
Shelley