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Since you are quiting your job, please consider that you are no longer paying into your own retirement. That in itself will be costly.
You didn't ask for this advice, but do not let other family members say "Well, you are living there. You won't need much income." That shouldn't even be discussed.
You are giving up a lot. You cannot do it for free.
And you absolutely have to discuss time off, right up front. No one can be a full time caregiver 24/7/365 and retain their sanity. Can't be done. And yet people often go into this without any notion of respite until they are approaching burn out. You need to have time to yourself. You need to have time with your husband that doesn't always include FIL. You need hours during each week. And you need vacation time. If FIL can manage on his own while you are gone (house cleaned and laundry done before you leave, with easy-to-microwave meals in the fridge) that is great! But if he needs someone with him, discuss how that is going to happen, before you even start.
Another article: https://www.agingcare.com/articles/quit-job-to-care-for-parents-150227.htm
Here are some things to think about if one is trying to decide whether to quit work to care for an aging parent.... on average if a working person quits work he/she will lose over the years between $285,000 and $325,000 which includes not only loss of salary over those years...
it also includes the net worth loss of the health insurance coverage.... loss of money being put into Social Security/Medicare..... loss of other benefits such as matching 401(k).... profit sharing.... workman's comp insurance.... company sponsored life insurance.... vacation pay, sick pay.... tuition assistance, etc. [source: in part Reuters 5/30/12]
A lot to think about.
Your employer is in deep trouble if they get caught.
You are an employee...so says the IRS
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