Anonymous wrote:Anonymous wrote:I would concentrate on house repairs (using their money), organize everything and make sure the house is in decent shape.
Don’t think about the rest yet. Let them stay there as long as they can, it’s your inheritance after all. Hire some help as needed (the barely up the stairs parent needs to have a bed downstairs). First they’ll probably need grocery delivery and rides, then cleaning and then physical help.
You are lucky they aren’t somewhere in the boonies at least
How would you do this with their money if they refuse to use their money for this? There will be zero inheritance I know.
Anonymous wrote:Can I ask a question here about financials? Sorry if this sounds dense but we are just starting this journey.
What are the financial implications here and options for peoples parents who have not done any forward thinking or saving? If they continue to let the house deteriorate and are forced to sell it way under market value, I fear they will have few financial resources left for later life care.
It’s easy to say “just let them do what they’re going to do” but what if down the road something like dementia care is needed (there’s a family history) and they have used a large portion of their resources to stay in a large home they no longer need? This weighs heavily on my mind in addition to the physical concerns.
Anonymous wrote:I would concentrate on house repairs (using their money), organize everything and make sure the house is in decent shape.
Don’t think about the rest yet. Let them stay there as long as they can, it’s your inheritance after all. Hire some help as needed (the barely up the stairs parent needs to have a bed downstairs). First they’ll probably need grocery delivery and rides, then cleaning and then physical help.
You are lucky they aren’t somewhere in the boonies at least
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:OP why is your wanting them to move before they are 80 a "lack of planning?"
I can't imagine telling my 79yo mother to move. Or, even my 88yo MIL.
Maybe because they can’t take care of the house anymore? It has lots of stairs that aren’t safe? They can’t keep up with housework?
Hire help for them.
Sorry but why would I pay for someone to take care of the home I don’t want them in anyway? It costs way more to maintain a 5 br house and a large yard than a condo…
I’m not sure about that. Condo fees in this area are expensive. Why don’t you actually do the math.
Depends on the condo, and also you have to compare true apples-to-apples. If you select a basic condo without any fancy amenities, then you can find reasonable condo fees. Remember, those fees cover homeowners' insurance (you just need to insure your contents with renter's insurance), all exterior maintenance, trash (for areas where this is charged in addition to property tax), etc.
Obviously, the difference in this situation is it doesn't actually cost much to maintain a 5 BR house...if you decide you aren't going to maintain it. You pay for it in decreasing the market value of the house. There was a house in our neighborhood that was in horrible shape...gutters falling off, tree branches literally growing into the roof, cracks in the foundation. An elderly woman lived there alone and did zero maintenance. The house was sold to a developer for like $750k vs. a similar house in good shape that sold for like $1.75MM.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:OP why is your wanting them to move before they are 80 a "lack of planning?"
I can't imagine telling my 79yo mother to move. Or, even my 88yo MIL.
Maybe because they can’t take care of the house anymore? It has lots of stairs that aren’t safe? They can’t keep up with housework?
Hire help for them.
Sorry but why would I pay for someone to take care of the home I don’t want them in anyway? It costs way more to maintain a 5 br house and a large yard than a condo…
I’m not sure about that. Condo fees in this area are expensive. Why don’t you actually do the math.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:OP why is your wanting them to move before they are 80 a "lack of planning?"
I can't imagine telling my 79yo mother to move. Or, even my 88yo MIL.
Maybe because they can’t take care of the house anymore? It has lots of stairs that aren’t safe? They can’t keep up with housework?
Hire help for them.
Sorry but why would I pay for someone to take care of the home I don’t want them in anyway? It costs way more to maintain a 5 br house and a large yard than a condo…
Anonymous wrote:Anonymous wrote:Let them live how THEY are comfortable living.
That’s fine until they fall and break a hip and can’t go home anymore because they can’t manage the stairs. It’s better to make these decisions before you are forced to do it.
The end comes for us all.
Anonymous wrote:This is what I did OP:
1.) Start gently and assume they are rational. Do all the nice things to tip toe around their fragile egos for a year or 2. When that doesn't work...
2) Consult with aging care advisor and financial advisor. Try to get your parent to agree to speak to them as long as you are on the same page with the advisors. When that doesn't work...
3.) Deal with endless emergencies and drama poorly timed to clash with every stressor in your life. Have this go on for years until you find yourself wishing to somehow fly away from life/run away from it all. Realize you are on the verge of a nervous breakdown between kid stressors, work, spouse illness and your bat sh&t crazy and entitled parents and get therapy. At some point during this one parent dies and all hell breaks loose now with entitled siblings too.
4.) After a period of mourning, set some rock solid boundaries with the remaining parent-gently, but firmly. Make clear what you are asking them to do, what choices they have and what you can no longer do. If that parent tends to be difficult expect rage, tantrums and insults.
5.) Keep your boundaries.Lead your life. Stop saving up those vacation days for emergencies. I did that. I gave up vacations and all the things for their emergencies and the family I created was suffering and I had a death wish. Enjoy your vacations. Lead your life. It took me many years of this mess to the point my living parent was in better health than I was. to finally decide I would no longer set myself on fire to keep this parent warm.