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Eldercare
Reply to "How will this work (financing for nursing home) ...."
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[quote=Anonymous]OP, your aunt needs a lawyer stat. If she is truly failing, then she may not outlive her assets. If she rallies, then you/she needs to know soonest about her options. She may meed to come up with the $50K if she disposes of all her assets in less than five years and needs to apply for Medicaid. The life estate sounds a bit odd, especially if it is not for a partner or an adult dependent taking care of your aunt on a near/FT basis. And i agree about not wanting to subsidize your aunt in order to preserve this inheritance for this couple. DH has a situation with his parents - they balk at spending money and he explains that he will be there to help them if it comes to that. His primary motivation is: why should he cover his parent expenses in order to preserve an inheritance for his sister who was a spendthrift in her younger years while he lived within his means. GL and get going![/quote]
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