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

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[quote=Anonymous][quote=Anonymous]OP, I have a somewhat similar situation, only I have a disabled husband and we need to buy a house that is more handicapped accessible for him.   Meanwhile his elderly mother has decent assets and is living on her own but more and more in need of companionship and help.  I had (briefly) considered asking her to move in with us and to contribute towards a downpayment on a house that was suitable for disabled people.  That would allow us to be able to afford certain renovations that would make her life and my husband's a lot nicer.

However, after thinking about this plan for a brief period of time, I realized it would be incredibly complicated.  First it would put me in the position of caring for 2 people.  Next the question of what happens if she gets to the stage of needing more full time care?   Do we sell the house so she can get her money out of it?  Uprooting me and my family at that point?

What if she hates living with us and wants to move out?  What if my husband and I divorce? It just seemed really complicated.  I believe that you shouldn't co-own a primary residence with anyone but a spouse.

I could see your mom moving in with your sister somewhere but paying something towards rent or the mortgage to make it more affordable.

I don't think you are selfish for questioning this plan, however, I would not mention concerns about your inheritance when discussing it with your sister. [/quote]

These are really good points.

[/quote]

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