Find Senior Care (City or Zip)
Join Now Log In
M
MamaJ2015 Asked August 2015

I want parents to sell their home to move in with us; can they pay rent on an added in-law suite?

Any tax concerns and possible issues if we need nursing assistance down the road?

jeannegibbs Aug 2015
Just make sure you have a written agreement spelling out what they are paying and what they are getting for that. They may also pay you for caregiving, if they need that now or down-the-road. Just be sure to document everything so it won't be considered a "gift" if they ever have to apply for Medicaid.

Just curious. Do your parents want to sell their house and move in with you?

ADVERTISEMENT

Ask a Question

Subscribe to
Our Newsletter