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[quote=Anonymous][quote=Anonymous]Who will be taking care of the parents as they age? Do they have a plan for financing their care?

Skilled care facilities can easily cost $10,000 or more per month per person.

Often, one sibling bears the brunt of care for parents while other siblings go on their merry way with no disruption to their lives.

Maybe your parents know that your sister will be the one to take care of them and want to reward her for the work she is likely to face.[/quote]

Possibly, but in my experience, the kid that is selfish enough to ask for the property while the parent is still living is also too selfish to actually do any caretaking. They get the house, with the promise that they’ll take care of the parent and then dump them in a Medicaid nursing home the minute the Medicaid look back period is over.

My family was in a similar situation, and the other siblings knew the sibling in question wasn’t reliable. The parent wanted to do it, so they got a commitment to care for the parent in writing, and it didn’t matter. The other siblings (who didn’t get a house) ended up caring for the parent because they were dumped into a terrible nursing home. And, no, they weren’t “jealous,” they just would have preferred that the $$ from the home be used for their parent’s care. [/quote]

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