LibraryScenariosWhen family members disagree about parents taking on more debt
Scenario

When family members disagree about parents taking on more debt

My brother and I co-signed on our parents' reverse mortgage and now they want to take out more equity while we're worried about what we'll be responsible for, but no one wants to be the person who talks about our parents dying or losing their house. We're all pretending this is just a simple financial transaction when it's really about mortality and family legacy.

Zera
Online
The coach is replying

More people experience this than they realize.

What we've seen

Multiple generations are making financial decisions together while avoiding the underlying questions about death, inheritance, and responsibility that give those decisions meaning.

Ideas that help explain it
Worth thinking about

“Where Are You with Debt — understanding managing escaping?”

If this sounds familiar, the Library can help you find the bigger picture.