It's looking more and more like my house is too small to house my mom (who I'm caring for), her elderly sister, my son and myself. But, in order to upsize, my mom and aunt will have to help finance. My sister is in another state and can't help. Now, she's acting weird about our house search and making comments about cutting into the inheritance. Not sure how to handle it and not sure how to not be hurt.
Too many people don't seem to realize that all that money Grandma and Grandpa have saved for their retirement is FOR THEIR RETIREMENT. That includes fun stuff like traveling as well as not-so-fun stuff like nursing homes and Depends.
Funny how that works -- a person's money is their own until it isn't. Sis is really tacky to even bring that up. Feel free to tell her. :-)
You need to look ahead down the road to when Medicsid funds might be needed. And at 10-12 K per month for NH care, EVERYONE except the generational wealthy needs to be keeping Medicaid in mind.
Before death it is money that is to be used for their care.
Before you begin looking to upsize keep in mind that this will benefit YOU in the long run. If there is a chance that anyone of the persons you are caring for will have to apply for Medicaid any money that goes to buy a house will probably be counted as a "gift" and will either have to be paid back or will delay the acceptance for Medicaid.
You need to be careful. If Medicaid ever is needed, not smart owning a house with someone who is on Medicaid. Their portion can produce a lean on the house at their passing. You can live there but if u sell, the lean/s will need to be satisfied.
And Pennsylvania has some strange filial responsibility laws.
https://www.paelderlaw.net/pennsylvanias-filial-support-law-children-can-be-held-responsible-for-parents-unpaid-nursing-home-bill/
Is there money for 24-hour care for 2 people if it becomes necessary?
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