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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]OP, I grew up in a mother-daughter house, and now my ILs live with me. In all cases, there were other siblings involved. In both cases, the siblings NOT living with their parents basically gave up their right to the house/proceeds. This was bc, in both cases, the sibling living with the parents also took on most expenses related to that arrangement, whether it be food, or transportation. or medical care. Any money remaining in the estates, outside of the house, was split among all siblings. That said, we have not yet run into a case where a parent needed serious medical care that drained down assets. Nor did anyone have to go to assisted living/nursing home. So that burden has not yet hit. [/quote]
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