Reply to DH won't use any inheritance for a house

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[quote=Anonymous]OP--your BIL is mentally ill with two conditions that could require him to go into assisted living for an extended period of time.  Do you realize how much assisted living costs these days?  It is not unusually for it to cost $50K-$100K ANNUALLY.

If you want your DH to release his family inheritance to help towards a house, are you willing to let your comingled marital assets be available for possibly over seven figures of assisted mental health housing/living costs if your MIL dies and your BIL needs to be institutionalized?

I think you need to do a lot more reading up on assisted living and medicaid eligibility to find out if you husband comingles his inheritance, but uses your family money to help care for his brother, will your family income affect brother's eligibility for medicaid.

I think DH is doing the right thing.  Using only inherited money to be reserved for BIL's care.  Then, if BIL does end up needing advanced assisted living care, once the inherited funds both in his name and your DH's name are done, then he will qualify for medicaid to cover costs.  But if you start using comingled money to support your BIL, then he will not qualify for Medicaid because your family funds will count against him since they were used for his care.  I think it keeps the money from his family of origin separate and distinct and keeps your family separate from his brother's care and financial liability.[/quote]

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