Frankk:
He would be (attempting) marriage with his grandchild, has the marriage wouldn’t be valid in the eyes of God. Sex with her would always be fornication. Secondly he doesn’t need this to solve his financial problem.
When one enters into marriage, the children become the child of the husband, and he becomes bound to the relations of these individuals by the role he promised. For instance in the case of the wife’s mother, although she is not a blood relation to the husband, she is now his mother by Divine law.(NT)
(Some sects blatantly commit mortal sin by adopting this practice into their dogma, which is nothing more than an attempt to whitewash fornication. Mostly it favors the males in authority, and causes much hardship to the children and women.)
I believe there is also mention of this in Revelation.
The confusion would arise when one is not too clear on the Divine purpose of marriage. Simply taking a queue on who is a blood relation would be wrong.
AndyF