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Eldercare
Reply to "Would you charge your parents rent to live in in-law suite?"
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[quote=Anonymous][quote=Anonymous]It might not be a bad idea for your parents to pay you rent. If you anticipate they may need a nursing home in the future, it would be a way to “spend down” their assets in case they would need to apply for Medicaid. I would check with an elder care attorney first, but I have heard of people doing this.[/quote] Yes, exactly this. I would charge them rent and just save the money for them.[/quote]
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