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Eldercare
Reply to "So here we are, as expected - a vent"
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[quote=Anonymous]I think you are being very optimistic about what it would be like if they were to live by you. Being the primary caregiver, even for someone in assisted living, is emotionally taxing and time consuming. Plus, the average cost is about $50K per year, higher in an area like the DMV. That's before things like medical care, any extra private duty nursing they might need, etc . . . And if they moved in their area, paid rent, and paid for in home care the cost will be higher. $650K isn't going to last as long as you think. I think your sister is doing you and then a huge favor, and that keeping the house, so that she can afford to do it, and so that the asset is protected for your mom if your dad needs nursing care is wise. Otherwise, if you sell it, the money will all go to your dad's care, and there won't be anything to help mom. [/quote]
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