re: Consolidating estate of parents in declining health

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Also make sure that your wife has power of attorney over all accounts to do with the business and the personal financials. Make sure once the mom dies the estate is succeeded to the father. Then once he passes he succeeds it to your wife as executor of the estate. Usually the estate will have an account that will take all remaining funds and settle outstanding debts from it. Whatever is left, that's what you guys take home. Uncle Sam will get his piece next tax season.

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This is what I had to do. My brothers and sisters did get together along with our Mom. Being that I lived close, they all agreed to me as POA over everything.
Also, any and all moneys were put into a estate acc. It took myself and my little sister to write checks for any bills. All books were open for any of the family at any time and when time came to make the call for treatments for our Mom, all family members were called before hand.

Our Mom passed away two years ago and we still have the estate acc. We use the moneys to pay land taxes and flowers for our Mom and Dad's grave every holiday/there birthdays, ect.

It's there money and we feel it should be used for them however long it last.