re: "Estate" Planning: 75 yr old father & his mortgage

quote:

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My siblings are across the country and getting them to contribute to the life insurance has been like herding cats... who don't want to pay their bills.

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Been there on something similar. You can bet you will hear from them immediately if the policy ever comes to pay off.

I'd either keep or drop the policy (decision 1) . I have no thoughts on that.

Just sell the house as is when the time comes (decision 2). If you alone inherited it and controlled it, you might want to spruce it up and try to get a better return. But if you have to be the grownup who negotiates the remodel and then clears it with and collects from dragass siblings, no thanks. That would be a nightmare not worth the possible but not certain return. And if the market goes down, you will get all the shite for talking them into the remodel rather than immediate sale.