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Lv 5

IS GOOD IDEA A DAUGHTER BUY HER MOTHER'S HOUSE?

8 Answers

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  • glenn
    Lv 7
    4 years ago

    The daughter should buy it if she wants it. A mother that may within a few years need government aid such as Medicare may have a problem with this. The government will look back at this transaction and see if it was sold at a fair market price. If they fell it was not they may decide this was medicare fraud and things could get very bad.

  • 4 years ago

    Only if she has enough money saved to pay the full price, can afford to pay the

    property taxes and all the utility bills and maintenance on her own. Mother needs

    to move out. There will be legal fees and closing costs which she must also pay.

    Source(s): Knowledge.
  • 4 years ago

    Sure and she could give her mother a "life estate." Her mother could live there until she dies and the estate would not have to be probated.

  • Anonymous
    4 years ago

    Hmm! If it has good memories yes

  • tro
    Lv 7
    4 years ago

    entirely up to the daughter and the mother

  • ?
    Lv 7
    4 years ago

    It can be if you like it

  • Gert
    Lv 7
    4 years ago

    If she wants it. Why not?

  • ?
    Lv 5
    4 years ago

    WHY NOT?

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