This is a "what if" question. I would like to set up a situation where I can care for my mother as she ages. It seems like a house with an in-law unit or possibly a duplex makes sense, but my husband and I can't afford it without my mother pitching in. We would make the monthly payments if she gave us enough downpayment to make it feasible, and then she would have a place to stay for her remaining years (which could be up to 20 - she's pretty healthy). But are we at risk of losing our home if she runs out of money for her own medical care - I have heard horror stories about old people being forced to sell their property to qualify for nursing homes with state funding... - Sat Jul 19 2008, 20:54
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.