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Reply to "Parents wanting to leave $1M home to sibling"
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[quote=Anonymous][quote=Anonymous]There seems to be a foregone conclusion that there will be money to leave. Don't underestimate the cost as your parents age. If the $1,000,000 house is the bulk of their assets, they can run through that really fast. My DH parents pay $ 225,000/year for round the clock caregiver (not a nurse) in their home. I would assume that much of the money will be used for their care.[/quote] OP, this is true. That house could be lost before they die to medical bills. Elder care is not cheap. I would still say something to my parents, and let them know that you feel their plans are not equitable. With you living in the states and your sister living abroad, who is the one expected to care for them as they age? [/quote]
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