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[quote=Anonymous]I would rent and then sell after her death.  You'll lose the stepped up basis but still probably net a higher amount after taxes.  The rental can be handled very easily by a real estate agency.

OP, you need to make quite a few calls.  First call a few real estate agencies and talk to some experienced agents.  Have them tour the house if possible.  Get their thoughts on the rental market and get a cost on property management.  Also get their thoughts on a sale price right now versus a sale price in a year or two (which would still keep her within the stepped up basis if she moves out, say, tomorrow.)  Second talk to a bunch of nursing and retirement homes to get a good feel for what she will be paying.  Some places are like a rental, with only a hefty fee each month, some you buy into plus pay a monthly fee.  It depends on the type of facility and the services.  Third talk to companies that provide in-home care.  It can be a lot more affordable than you think although it will mean a lot more oversight, which you may or may not be able to provide depending on your own life and your location relatives to the parent.  Fourth talk to a tax attorney who also knows estates.

There are other factors to consider of course but these cover the basics.  We're going through the same things ourselves.  [/quote]

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