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[quote=Anonymous][quote=Anonymous]It looks like my in-laws are finally willing to enter assisted living. I will try to get them in with their estate planner but would like to hear from BTDT people about how they got the money for the entrance fee. Does it make the most sense to sell the house first or pull from investments/reserves? I think net worth is between 1.5-2 .5 million including a vacation condo unfortunately purchased this year. I think it will be mentally difficult for them to sell one or both homes so we could potentially look at renting them out if it makes sense. [/quote]

Are they going to Assisted living or Independent living in say a CCRC?

Either way, I'd use investments, then once they are out of the house, quickly get it cleared and sold.  It can be challenging to get parents to clear stuff out and dispose of it--but moving to a much smaller place will speed up that process, and once they are in the AL/IL, then you have no choice but to donate/trash the rest
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