my sister as the POA, that will create thousands of dollars in legal fees for me. Why? Because, my sisters are 10 plus years older than I am, they have houses paid for, I don't . the one large asset my father is splitting with us, unless he is lying big time is the house, he and my mother own. They do not live there because they cannot. They are too ill. She is far worse off than he, and not of right ming "alzheimer's" The house is about a $350,000 or more asset to me. That cash, would pay my house off, and make my life, so I am not care giving for 82 hours a week. I do this because I have to. My husband got really sick, and tonight, the reality is this. If I do not have some sort of income, I will be working 80 hours a week for a year or so. I am 54, and who can keep up that schedule?
My sisters do not invite me to anything, they are big babies, and my father has never stuck up for me. In private of course, I feel sorry for you and am proud of you, but when push comes to shove and I say dad, what do you thing of making your real estate;
I realize that regardless, I am stating that when my parents die, I am wanting to sell my 1/3 portion of a house that is out in the middle of nowhere, but why would I want to have 1/3 share. If I was in a better financial shape yes, but I know my POA sister who won't even call me, and lives less than a mile from me is pathetic and sick.
I need advice of any kind.
I know i am banking on my parents money, but I have tried to talk to my father, and he states, that is not my problem. I feel for 20 years he has been a real cop out on this.
Right now, both sisters are taking money left and right and because my parents are not dead, I cannot find out a thing legally. My dad told me once just get along,
Thanks for your help.
I LOVE MY CAREGIVING JOBS
Personally, I think selling the house would be a good idea and putting the money in the bank rather than paying for upkeep, but that money still probably mainly needs to be help for your parents' care with the remainder going to you and your siblings.
However, if you are desperate for money, I think my accountant told me that parents can gift up to $10,000/year without tax penalty. I don't know that that would cause an issue with the nursing homes, but I would ask an accountant about that and see if your siblings might be willing to distribute that much and also if they think that much would cause issues with your parents' savings.