She would like to split the money between her five daughters, which includes me. I'm not for sure if that is a good idea. Should I talk her into putting it in to a living trust? It is in the bank right now. I'm afraid that California will tax most of the money. She receives a Social Security check every month, which is the only income she has.
Is Mom going to pay you room and board out of her income? I highly recommend it. Have the professional help you draw up a personal care contract, too.
There are enough stresses and challenges in having a parent move in with you. Do everything you can to ensure that financial matters are settled upfront and don't become an issue down the road.