Posted: Saturday, January 17, 2009 9:47:56 PM
My parents want to turn the title of their house over to me and wife. They have a wonderful home AND it's paid off. The good news about this is that we could sell our house, keep the money and then live mortgage free in my parents home. There's one catch, and here's the bad news...my parents want to continue living there with us. They are both in their 70s and in good health but they foresee a time when they can't take care of themselves and would like some help verses having to move out of their home. So....thoughts? Words of wisdom? Advice? Warnings?