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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Speaking strictly from a caretaker point of view, advocating for an elderly parent is plenty work. Maintaining an empty house for years is asking for trouble. Also resolving the estate without having to sell the house is much easier. Never mind having to get rid of all of the stuff left in the house that wasn’t moved with the parent. I understand that inheriting assets is better than paying capital gains, but it doesn’t seem worth the additional hassle. This is from a person whose mom lived til 101. She was in independent living for 6 years. That’s a long time to manage a property. [/quote]

These are good points. We just cleared out an estate house and did an estate auction sale and it wasn’t too hard, luckily we priced a bit low and the house sold quickly and weren’t concerned with making top dollar. Siblings all aligned and no fussing over furniture, photos, jewelry, etc. But one less thing if you can clean it out and sell now. [/quote]
This is true. We cleaned out our mom's house and distributed everything at that time. It was really nice to be done with that. Mom lived for five more years. We rented the house which helped pay for her living expenses. You have to file taxes on the rental income but if you are filing for him anyway, it's not a big deal. What was a more of a big deal was having several different tenants and maintenance. It takes some time. I would ask for advice from an attorney re the tax implications of selling now or waiting if you don't need the rent. We did need the money and it was nice to have it. She lived very long and was running out! [/quote]

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