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Money and Finances
Reply to "Parents out of money at 75"
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[quote=Anonymous]For me it would depend on the age and shape of the house. There are a lot of benefits to them staying in place including maintaining their level of emotional stability. Moves for the elderly can unleash cognitive decline. I would fund the repairs and document for the estate and discuss with siblings. Bigger issue is what happens if they need memory care or nursing care down the line. You can sell the house to fund at first and then go in Medicaid but you will be out your loaned $. Which is why reverse mortgage might be better. I would pay for a consult with an elder law attorney in your state and get their take. [/quote]
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