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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’d be happy my brother had somewhere to live so I didn’t feel responsible for making sure he didn’t end up homeless. [/quote] It’s likely he’ll still end up homeless. Homes require money to upkeep.[/quote] Exactly. If he doesn't pay property taxes, home owners insurance and keeps the home/yard in a livable condition, including utilities paid for then his days in the house will be numbered anyway. Your folks are better off selling that big house, moving to a lower cost of living area, buying a small 2 bedroom condo and setting up a trust with the proceeds of the money to 1) provide for their own eldercare 2) establish a small monthly income for your brother. Upon their death, brother would get the condo + his small monthly income and the remaining kids would get an equal share of the remaining eldercare fund.[/quote]
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