I am looking for some advice on my situation.
My mother doesn't have much longer left. She lives off of some social security income, but not much. She also has a paying roommate in her house ($500/month). My brother, who is physically disabled and somewhat mentally disabled lives with her, too. He is on SSI and that's his only source of income. I give my mother some money per month, but not a lot ($250-$400 / month) roughly. My brother has a high chance of dying young from his disability as well. Long story short, he gets infections easy and it's hard for him to take care of wounds. He's lived almost the past 15 years with crazy infections. It's a sad reality, really. But, that's not what I am here to dwell about.
The houses falling apart. The roof is in terrible shape, there are no floors put down. It's a giant mess. It needs a lot of work. Zillow has it valued at $180k but I believe it's probably worth much less, maybe $140k. Of course, I don't really know unless I get an expert in there.
My mother plans on leaving the house for my brother who is disabled. He can't fix anything in the house himself. He can't do much due to his disability. To be blunt, when my brother takes over that house, it will probably last a year or two before he fails to pay taxes on it, etc. He would try to get roommates but that would not last long, either. A lot of drugs would go through the house, most likely. Long story short. I understand why my mother wants to make sure he's all set, but I think it's a terrible decision, overall.
I currently rent down the street - due to Covid I was able to move closer for the time being. It's not permanent most likely. I have had a stable job for 20 years and don't plan on losing that. I don't own anything. I make great money, but my savings and investment are at a minimum.
I'm not even sure what my question is, really. What options do we have? Without causing family issues or looking selfish? Or, am I just being selfish? I suppose my biggest concern is that after my mother is gone, my brother will lose hat house completely.
What options should I be looking at? Would a trust be helpful? Should I try to buy the house? Should I convince my mother to put the deed in my name and my brothers? Should I just wait and see what happens when my brother has the house? Is there a way I can buy the house while my brother lives there as a tenant? Should I just stay the hell away from the entire matter?
I'm sorry this post is all over the place. Perhaps, I am being morbid and selfish on this matter. I'm just looking for some ideas and thoughts.
Submitted August 19, 2021 at 09:25PM by DevGin https://ift.tt/2Webzus
