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Reply to "Proceeds from mom's house"
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[quote=Anonymous]Mom in in her 80s, she will move in with a sibling within the next year. She has money ($400k+) for future medical care. Her house is worth about $500k. We'll take a hit on capital gains, around $20k. Does it make sense to invest the proceeds in her name; or divvy and gift most of it to her adult children? I want to keep the money in her accounts, but not sure that makes the most sense for taxes, etc. [/quote]
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