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Reply to "Is it ethical of me to cut off my 75 yo sister financially? - more inside"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Don’t sign the home over to your sister, OP. She could then willingly sign it over to this woman or be coerced to do it. I have a 60 year old sister who is mentally ill, also does not drive, and cannot be trusted with more than her disability payments. Unfortunately, she will end up on the street if left to her own devices, preyed upon by those who realize her condition. My siblings and I have basically decided to let her live in my parent’s deteriorating house because none of us can handle her living with us. When she lived in apartments, she would end up calling the police on her neighbors or letting the condition of the place deteriorate to the point where her landlord refused to renew her lease. We will pay the property tax, utlities, insurance and food but she has to come up with her other expenses. She gets food stamps, state healthcare and disability. The house will continue to deteriorate but it is already 70 years old so we figure when she is no longer able to live there, we will sell low to a developer who will raze the building and its cluttered contents. It’s sad and stressful but beats all the alternatives. [/quote] I'd do something similar. Consult with an attorney, if you haven't already, about what your minimum duty is in terms of being a trustee. I'd then let her continue to live in the house and do the bare minimum. Don't put any more money into it than you have to. When she dies, sell it to a developer. FWIW, my mother and brother struggle with mental illness and substance abuse issues. Anyone who says they'd never let their family member be homeless has never really experienced it or has a lot of money to throw at it. Do not jeopardize your own emotional/financial stability. [/quote] I've also see this playout. OP, I'd get less involved in your sisters life. LIve your life. Let the house deteriorate. Your sister and the roommate seem okay with it deteriorating. After your sister dies sell the property. You won't get much but understand you don't have great options. My Uncle had schizophenia. He slept on the bathroom floor of an apartment in a barn. The floor was crumbling below him but he would not let repairmen in. We had to let him live the way he wanted to live. In a way the psycho roommate is doing you a favor. Your sister has a place to live and is not on the street. Understand options are limited for your sister. I'd emotionally distance yourself from the situation. Pay the taxes. Pay to cut the grass and don't worry about anything else. Don't get involved in day to day. Don't visit. If the stove breaks it sounds like they are smart enough to buy a toaster oven. AGain, my Uncle was living in true squalor, by choice, and we had to separate ourselves from the situation. When sister dies you will get land value for the property from a developer. Don't sink money into squalor.[/quote]
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