Reply to SO: Thoughts on sister and her DH buying a house with my mother?

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Reply to "SO: Thoughts on sister and her DH buying a house with my mother?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You shouldn’t be thinking about your inheritance, it is your mom’s decision to make.[/quote]

100% this. You sound crazy selfish, OP. Your sister is offering a solution where your mother will be taken care of. You should be thrilled.  I find it so odd that you use the phrase “needless to say “[/quote]

I wish people would think a little bit further out instead of just jumping on OP as selfish.  There are alot of potential downsides to this arrangement for OP's mother.  The fact that her primary asset is real estate, and this plan would mean the money from that asset is still tied up in a property that the sister and family are living in.  It's not inconceivable that down the road the mother could need more care than the sister can provide.  Then what?  The mother goes on medicaid and into medicaid-level care while the sister lives in the property?  Or the property gets sold and the sister and family have to move out so the mom can have appropriate care?

It's not just that the sister is offering to take the mother in, it's that the offer comes with the string of tying up all the mother's assets into a house that they all live in.  That's not necessarily in the mother's best interests, and I think it's a good thing that op is trying to understand the implications of this. [/quote]

Honestly, it is hard to think about a worse situation than her mom having nearly the entirety of her net worth tied up in a single piece of real estate.[/quote]

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