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UNote: I first drafted the post and asked AI to format it properly for better reading.
# Personal Background
* **Age & Marital Status:** 31-year-old male, married.
* **Living Arrangement:**
* Living separately from parents, renting a place with my spouse.
* Parents live in my father’s house.# Reasons for Living Separately
* **Financial Demands from Father:**
* Before marriage, I provided ₹10,000 per month to my father.
* Additionally, I paid for groceries, cooking gas, and other household expenses.
* After marriage, it became financially impossible to continue this level of support.
* **Lack of Financial Transparency:**
* My father refuses to share his bank account details, statements, or investment records.
* He constantly claims to have no money for survival.# Current Financial Concerns
1. **Gold Being Sold:**
* My father is selling my mother’s gold, piece by piece, to cover expenses.
2. **Suspicious Spending:**
* I strongly believe my father is spending money on the “Star Maker” app (buying virtual gifts and coins).
* I have transaction screenshots that can serve as proof, but my father doesn’t let me access his mobile.
* He owns four phones that are constantly on charge.
3. **Shady Property Investment:**
* My father spent ₹10 lakh on a dubious property deal using my money.
* Despite providing 12 years of my bank statements to show he took my money, he denies it and refuses to show his bank records for verification.# Long-Term Concerns
* **Potential Sale of the House:**
* After exhausting the gold, I worry my father will sell the house and squander that money as well.
* If this happens, my parents will be left with no financial security.# Family Dynamics & Mental Health Challenges
1. **Mother’s Condition:**
* My mother has schizophrenia and struggles with depression.
* She always sides with my father, believing his claims and denying he is mismanaging money.
2. **Impact on Mother’s Mental Health:**
* My father’s constant complaints about money worsen her depression and schizophrenia.What legal option I have to protect the assets and money?
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SOnce parents are in street the so called relatives and society will blame OP for leaving them in streets. In Indian society which expects children to look after parents it OPs financial interest too to make sure his parents spend money in a financialy prident way and not squander money on gambling and end up in streets.
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UNAL.
Unless the house and property is inherited by your father, he has all the rights to sell it if he has acquired them with own money. There are tons of examples of people loosing their wealth to gambling, business or to shady deals. Even Anil Ambani lost like 50 billion and his kids could not do anything.
That said, you can do few things:
1. Talk to your father, try to understand the reason. I think since you are only kid and your father is lonely, these things might be happening. See if you can move with your parents or your parents can move with you. Things can change.
2. If not option 1, talk to your dad and tell him to limit the spend. Tell him that you can take purchase the house from him and pay him monthly. See if you can pay fix amount to your parents every month like 10k-20k especially to your mother. Its also a token amount you can pay because parents have born and brought you up over the years. This way you can limit the damage.
3. If none of this is working, you can ask your mother to move with you so that you can take care of his wellbeing. Write-off the losses. Life is short.
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