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[quote=Anonymous][quote=Anonymous]Unfortunately my mom has zero plan for her own care. She is frugal but doesn’t budget. She told me in Jan she thinks she has $1 million in assets excluding pension and social security but she had NOT shifted her stock portfolio to a more conservative, in retirement allocation. I think she was also including her paid off house.  All of this to say I don’t know if she’ll be able to afford aides and neither does she.

I sent the tax records for the property to my sister along with some Zillow results and sai hey this all looks way below asking price. Are you sure the price is reasonable? She replied the tax records weren’t relevant and ignored the Zillow info. I know neither are precise but she offered zero explanation as to why she thinks the asking price is fair, which is frustrating. I tend to think people overvalue their own homes but as others have said if she’s willing to take on managing my mom’s care and my mom is fine, what’s it to me?

My mom has said she thinks her sister mismanaged her own mother’s money. She said that again recently so I guess that is on my mind. I think my sister has good motivation here, I just think it’s a bad financial move and was looking for confirmation (or contradiction) that money isn’t the only factor to consider as it’s hard to put a price on proximity and making it easier for my sister to help my mom age in place. I think I’ve gotten there are views on both sides of that.

Thank you![/quote]

This is potentially a huge mess if there is no money for aides. I would call the council on aging to find out about residential options that she can afford. Some places base cost on financial means. Much easier to visit her there to advocate and show you care, then risk her disrespecting boundaries living so close to sister. Don't listen to the anti-residential people here. Visit for yourself with an  open mind.We've had good experiences and a friend of mine's mom needed a place for those who had less savings and it worked out well and was beautiful because it had been built within a year of her mom moving in.[/quote]

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