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Just look at your own wording here for a second.

"We gave a lot of money to son's family while he was incarcerared".

No where do you say you 'lent' your son's family (who by the way is also YOUR family) a lot of money. Or you temporarily helped your son's family out financially with an agreement that they would be payng you back by a certain date.

You're not getting the money back and there's no elder abuse either.
You made a choice to start handing out money that you couldn't afford and now you don't have enough to get by on for yourselves. Why come here and tell us? Do you now expect the government (aka the taxpayers) to bail you out?

The taxpayers already paid a fortune to keep your son incarcerated and I'd bet my last dollar that his "family" was probably collecting on every government social program these United States has to offer. It's certainly okay if they were because kids have to be provided for and it's not their fault if their parents are deadbeats or in jail. It's not your fault either.

You're getting that money back so you're going to have to learn to live with less and on less.
If you own a house, sell it and downsize. Move somewhere smaller and cheaper to save money. Or keep your house and take in paying guests (boarders) to help with household expenses. My grandmother did this for years because she had pride refused to take money from her kids.

Depdending on your ages and health conditions, go back to work part-time for more income. Let me tell you, homecare agencies everywhere are looking for seniors who are still active and don't have dementia to become companions to seniors with dementia. All you'd be doing is keeping them company and maybe a little light housekeeping. We just hired two ladies ages 71 and 73 for homemaker/companion work a few hours a week and they're doing great.

You have options and it would be a good time to start exploring some.
Helpful Answer (6)
Reply to BurntCaregiver
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I'm very sorry to hear your son is choosing to allow you to struggle to get by rather than repaying you the money you need to live. It's very sad when a child turns their back on a parent in need. My condolences. I sincerely hope some of the suggestions given to you will work to help you make ends meet.

Wishing you good luck and Godspeed.
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Reply to lealonnie1
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I don’t see how you will get it back . This is not considered elder abuse. You willingly gave the money to his family . Did you have an agreement in writing where he would pay you back ?
If you own your home you could sell it and downsize .
If not , call your county to speak to a social worker about section 8 housing ,
or HUD senior apts where the rent is 30% of your income . Although there may be a waiting list.
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Reply to waytomisery
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You say:
"We GAVE a lot of money to son's family..............."

Yes, that's exactly what you did.
When we "make loans" to family it is best to know going in that likely the money was gifted; it saves time in being disappointed.
The important thing is to try to get this validated as a loan that isn't repaid. There is a place on IRS forms to report "unpaid loans".
This is important in regards to receiving within the next five years any sort of governmental support in terms of programs requiring five-year-lookbacks (such as Medicaid). You will need to show you did not intend to gift any of this money, or they will say you gifted and now want government support, and you may not qualify.

I am really sorry but you may now be looking at a way to prove this, and that means now "gifting" an attorney yet more money. It was poor decision making to give money to a family you should have pointed toward governmental help for their survival. I am so sorry; there are always consequences to be paid in these matter. I wish you the best.
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Reply to AlvaDeer
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I can remember my FIL "giving" money to my SIL and her DH for years, my MIL did as well before her death (note: fully financially supporting them for at least 8 of the 15 years they were giving them money). He always had an expectation that it would be paid back. But he never once documented that there was an expectation of pay back. Some were checks, some were cash. And when DH finally had the opportunity to actually research the amount - it was mind boggling.

Every once in a while BIL would get a "windfall" and throw some small amount of money at FIL and say he was "paying it back". But it never made a dent in what he (and MIL) had been giving them for nearly 15 years.

It was enough that FIL told DH that he should take 75+% of his the estate when he died. But never did anything to update his will to make it legal.

And there in lies the rub. No documentation, no dice.

Expectations are one thing. Legally documented requirements are another entirely.

Sadly, you aren't likely going to ever see that money paid back.
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Reply to BlueEyedGirl94
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JoAnn29 Aug 28, 2024
So what happened to SIL and DH when parents died? Did they come looking for money from you.
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I’m sorry you made this choice as you now have no recourse to get the money back. Please call your local Council on Aging and ask for information on resources to help guide you on your next steps
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Reply to Daughterof1930
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Yeah, you are never getting the money back, but the lessons that you learned from this experience are priceless.
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Reply to olddude
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You lent the money for personal reasons, the transaction is business, did you get an interest bearing promissory note? If not you are out of luck.

Hard lesson learned. Sorry about this.
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Reply to MeDolly
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You never loan/give out money you can't afford to loose. Does your son know that giving his family this money is now causing you hardship? Even with a written agreement, there is no guarentee you will get your money. If you have a paper trail, so hope you wrote checks, then take your son to small claims court. You may get some back.
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Reply to JoAnn29
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I'm so sorry, I learned a long time ago you don't loan money if you need it back.

Hubby learned the hard way also , to never co sign on any loan either.

I'm so sorry about this. 😕
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Reply to Anxietynacy
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