Family Matters
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XP: Collecting on an "IOU" wedding gift
Hi everyone! I'm an occasional poster on a few boards and I want to
solicit opinions about something that is going on in my husband's
family.
For our wedding in 2009, my husband's father and
stepmother gave us a card that stated, basically, their wedding gift to
us was $5,000 towards the purchase of our first home. We haven't
discussed it since. There was no money/check in the card; just an IOU.
Well,
we're getting ready to buy our first home early next year. I want to
ask my father-in-law to make good on the money so that we can throw an
additional $5,000 into our down payment. We have 20% already so we
don't NEED the money. It would be nice, though. My in-laws know that
we have received pre-approval and are currently looking. My husband
wants to just let it go because he feels like he shouldn't have to ask
for what is supposed to be a gift. Their relationship has been strained
for a while, in part because of this money, and I'm not sure my FIL
even realizes it is a hot-button issue with my husband.
I will
side with whatever my husband wants to do because this is his family and
his father. I was just curious if anyone had an opinion, either way.

Re: XP: Collecting on an "IOU" wedding gift
You're shy about asking for it? The 2 of you should sit down with his father and his wife and say, "The money that was promised to us as a future gift would sure come in handy right about now. If you guys don't mind, could we have our gift now?"
And let them take it from there.
Ask for it once. Give them a reasonable amount of time to forward the gift --- and if they forward nothing by then, guess that'll be it.:( Chalk it up to experience at that point.
Things might have changed in the meanwhile. YOu never know what kind of money problems somebody's encountered since then.
I have a feeling they never really intended on giving you the money. I mean, maybe at the time t they hoped to be able to one day, but deep down they knew it was never gonna happen. That is why they purposely gave you a gift that could only be given in the future, but they wanted to give their son and BIG and nice gift, so they came up with the "$5000 for his first house" idea.
I mean sure you can delicately bring it up, but don't get your hopes up. You aren't getting the money.
The talk needs to be about feelings surrounding these IOUs. A card and affordable gift is much more thoughtful. Because sometimes it isn't the thought that counts.
You are right. He should follow through, however I highly, highly doubt you will get that money. I think he just wanted to make himself feel better at your wedding about giving his son a big gift.
Ilumine, has an excellent point. If his father has a habit of doing stuff like this, then it needs to end now. How would you feel if he promised to buy you guys a baby crib, or take your family on a trip to Disneyworld or that GRandpa will buy your kid that toy he/she has been wanting ? Don't put another generation through that kind of heartbreak and disappointment. He needs to know he has to stop.