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Eldercare
Reply to "Sell house in trust now or wait? "
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[quote=Anonymous][quote=Anonymous][b]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.[/b] 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] New poster here. I agree with this. When my parents moved into an assisted living facility (and for my mom, she ended up moving into memory care very shortly after that) we had their house sold. My brother was living closest to them, but even he was over an hour away. My other brother and I were both 1000+ miles from them. We actually caught a bit a flack from other relatives (my mom's siblings) over selling their house. I think this was for two reasons: 1. They were in a bit of denial and thought my mom would "get better" and eventually move back into her house 2. My parents house was in San Diego, and her siblings (who lived a north east state) liked to come visit in the winter. I think they didn't like that their free place to stay would no longer be available.[/quote]
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