Reply to Elderly in-laws refuse to sell house that needs $200k of work, are out of money, can’t get loan

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Reply to "Elderly in-laws refuse to sell house that needs $200k of work, are out of money, can’t get loan"

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[quote=Anonymous]

The only solution in situations where everyone wants different things and the elderly parents are recalcitrant is to stall the process until the elderly parents are in such bad shape that they end up in hospital. Then you call the hospital, say you can't pick them up, they have nowhere to go, and room will be made for them in a nursing home. Assets will be used to pay until they're indigent and from then on, Medicaid will kick in.

It's what happens to thousands of older people all over America.

It's better that way than OP denying her children higher education options.

I have a senior in high school. The most expensive college he's applied to costs 85K a year. The least expensive is University of Maryland, which costs 30K since we're MD residents. UMD has become more selective and it's best to have a 4.0 gpa and interesting extra-curriculars if you want to get in (UVA is even more selective, for interested VA parents). Multiply that by number of kids. None of you are sure to get financial aid.

PLEASE do not underestimate the exorbitant cost of college, and what your kids will need in order to get there. "Interesting extra-curriculars" aren't free either, and neither is tutoring or test prep.[/quote]

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