That's not bad. It's actually a favorable status.
And No, you won't acquire their debts as long as you haven't done any sloppy asset transfers from her parents to yourself. Also, no large gifts from them to you either.
3.questions will determine Medicare coverage for their situation.
* are they still married?
* Do they own their home? Or is it mortgaged?
*how much assistance do they they need?For example, do they need 24/7 care for cognitive decline, or only care during waking hours care for concerns like fall prevention, or do they only need care for a few hours a day while you and your wife aren't present?
nah they did a reverse mortgage a while back without telling anyone...still married...they healthy for their age