re: Has anyone had to move their elderly parents in with you?

"To give a house to a relative and secure a step-up in basis (eliminating capital gains taxes upon sale), you need an irrevocable trust explicitly structured so the property remains in your taxable estate when you die. Two main trust types achieve this:

Intentionally Defective Grantor Trust (IDGT): Using a "power of substitution" clause, you treat the trust as part of your estate for tax purposes, allowing your relative to inherit a stepped-up basis upon your death.

Testamentary General Power of Appointment Trust: You give a designated relative the power to decide who gets the property upon their death, which pulls the home into their taxable estate so it receives the step-up."

Get an attorney that knows what they are doing

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Around here, it is the kids moving in with the elderly parents.

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This is what I did seven years ago. It is a difficult roller coaster to ride and life to lead.

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They were great about finding the correct (legitimate) diagnosis for my mother to get into rehab. The social worker handled the calls to the facilities we chose.

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After getting her home we found her to be way worse off than expected. Bedridden, confused, in pain…
Husband called 911 yesterday and got her to Oschner’s. Her white cell count was thru the roof and they diagnosed her with a diverticulosis infection. She’s on morphine and antibiotics now and doing much better.

Looks like she’ll be at a rehab for a bit then back here. She’s at the Lake currently.