Dear Penny: I Want to Help My Elderly Parents by Buying Their House

Dear Penny: I Want to Help My Elderly Parents by Buying Their House

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Dear Penny, My husband and I live in Florida and are paying a mortgage on our home. We want to help my parents out by buying their home in Maryland to help them pay off their debt. They will live.

My parents are certainly free to do whatever they want with their money, but I feel incredibly hurt that my sister is getting rewarded for her financial irresponsibility while my husband and I carefully budget and make sacrifices so that we can pay off our student loans, in the hopes of being able to afford to have a family of our own.

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If you take care of your elderly parents, then you’ve probably talked with them at least once about their living situation.It’s one of those must-have conversations when your parents are aging, and it’s never easy.. Chances are, your parents want to stay in their home as long as possible, also known as "aging in place."

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Is there anything stopping me and my two brothers from buying my parents’ house, releasing to them a lump sum of cash. the parents to make use of the capital sum received during their lifetime. The.

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I keep track of my bank accounts. to take care of their aging parent’s finances? Thanks. A: Michelle Singletary This a tough one. Can you find someone stateside that you trust who can help you.

Dear Moneyist, We have a family dispute regarding a sister who has lived with and cared for our elderly and failing parents for nearly 10 years.. mother to gift her the house but my brother.

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