Your dad is a kind and generous man but I just don’t think the money is there for all he wants to do. College tuition, even at a public college would be 80K for 4 years…..3 times that in a private school. A new apartment, living, medical and possible long term care expenses would be significant. I don’t see how there is any money to help less fortunate family members.
I don’t know if he has another source of retirement income but 1.2 million is really not a lot in this day and age. Anyone who has grown up on the lake understands your desire to keep the home in the family but I just don’t think it’s doable
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