Hello Bill,
In reading your post here, the first thing that I noted of significant value is where you state "Mom and Dad have said for years that they would like to buy a modest, low-maintenance home somewhere near my client’s home and keep the country home."
I read into this that they are are the road to downsizing but secondly feel that there is value or opportunity in keeping their large country estate. The down sizing part is easy to get started with. With out being too pushy why not suggest a casual weekend of checking out the options. This will allow the elder parent to work there way into it. As for selling or perhaps keeping, they will have to come to terms that this will now be an investment property. Will they eventually sell or pass this on. My best advise is for the family to discuss their options with a qualified family financial adviser. This may have the added benefit that this professional will hopefully be seen as an unrelated 3rd party who is unattached from the outcome.
And lastly, sew the seeds help them to come up with ideas and options on their own. If you push they will likely dig in. Best of luck. - Tue Nov 17 2009, 14:41