I'm my mom's caregiver along with my father. We are going to buy a house together, around $300k and my parents are putting $100k down and my husband and I are responsible for the remainder and/or mortgage payments. How is this done? I was thinking we'd all be on the mortgage, we are mostly worried about having to pay a gift tax albeit we'd all be living there and we'd have a bigger slice of the pie to pay off.
If you don't see Medicaid in the future and you get along with the parents, this seems like a very good arrangement that will let you buy a better house. I do hope you get along well.