Dear Quentin, My father gifted his house to his four children too late to be able to qualify for Medicaid (it was inside the 3-year window) and pay for his nursing home. Three of my siblings took a HELOC to pay his bills and keep the house. I did not have the same desire. I paid off my quarter of it, some $6,000. At the request of my oldest brother and executor, when my dad passed away, I also signed over a $10,000 life insurance payout, which only siblings received. I presume the policy was taken before my younger two siblings were born.
I have little to no interest in using the house: I am not enamored with the area. The house requires repair and upkeep, as none of us live in it full time. The oldest brother is now sending out the “budget” for next year’s upkeep, roughly $2,000 apiece.
“‘I don’t see any good way out without engendering perman …