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Personal Finance and Investing

enough

(13,501 posts)

4. Very complicated situation, with many questions.

Reply to 3Hotdogs (Original post)

Sun Jun 23, 2019, 10:16 AM

Jun 2019

The first one that leaps out is whether there would be a commitment on the part of the sibling who buys the house to take care of you in old age, and to what level of care? Would they be committing that they would never sell the house as long as you live?

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Selling home to 1 of 4 siblings. How to be fair? [View all] 3Hotdogs Jun 2019 OP

Even swap. democratisphere Jun 2019 #1

Agree. Home care could be 6O to 70k per year per person MaryMagdaline Jun 2019 #6

We are not looking for care. Mostly a guaranteed place to live. They want the house as a guaranteed 3Hotdogs Jun 2019 #8

Got it. Comments of others here make more sense, then MaryMagdaline Jun 2019 #11

We would not expect care except for looking in on us and the usual shared meals 3Hotdogs Jun 2019 #7

Get a trusted lawyer and financial adviser. rickford66 Jun 2019 #2

My parents always helped the one who needed it. LakeArenal Jun 2019 #3

Very complicated situation, with many questions. enough Jun 2019 #4

We are mostly looking for a guaranteed place to live. They would not be allowed to sell the house. 3Hotdogs Jun 2019 #9

After the final value is figured, 1/4 to each of the other three. keithbvadu2 Jun 2019 #5

Selling the house now, will hopefully prevent a problem with Medicaid when we do decline. 3Hotdogs Jun 2019 #10