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Reply to "Friend complains about stepsister siphoning off money from parents. How to respond or support?"
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[quote=Anonymous]How to respond? With sympathy and commiseration. As for the actual situation, it may not be only to siphon off money from them. Home ownership is expensive and requires constant and regular maintenance. I know so many people whose parents passed and they go to the home and find the home in such disrepair that it is very difficult to sell the home. Either the heirs have to put a lot of money into cleaning, restoring and updating the home to sell, or they have to sell "as is" for a significant decrease in the house price and value. Getting them out of the house may allow them to sell the house while it is in better condition. Having them rent one of her rentals that she can take care of as the landlord may actually be better for them rather than to live in a decaying house that is not being cared for. Yes, it transfers money to her as the landlord, but it may be a much better situation for them. I know when my MIL moved to a condo in a retirement community where many of the maintenance tasks were taken care of by the staff, it was a good thing for her. Not having to take care of a house and not having the house decaying under her from lack of care, were all good things for her later years. [/quote]
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