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Eldercare
Reply to "My mom gave her money away and now has nothing"
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[quote=Anonymous][quote=Anonymous]Moneyed brother should buy her a place to live that is easy for an old person. Nothing fancy but something with a first floor or elevator accessible bedroom and bath. He should keep it in his name but let her live there and sell it when she dies or moves and he gets his moeny back hopefully and maybe some profit. Not sure you can suggest that to him tho. But that’s what my husband and I were going to do with his mom [/quote] This is awful advice. First the brother is under no obligation to buy his mother a place to live because she recklessly sold her place. As she ages who is going to then pay when she needs help. Looking at an actuary chart- Actuarially, the mother may expect to live another 18.6 years until age 85.6. That’s a long time to own a house with a lot of expenses. The mother needs to keep working and find senior housing in her community. [/quote]
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