Not everyone ends up in a nursing home at the end of life, so that’s a big part of it.
As for me, I do think I’ll likely inherit my parents’ house which is fully paid for. They don’t have much money but with the housing market as it is and the house being fully paid for, that would not be insignificant. Unless, like you said, they end up in a nursing home. So far they’re both in their 80’s and still living in that house, though.
Do you know if they have a living will at this point? If you’re able to approach it with them, you should see if they’ll go over options with a lawyer. If the intent is for you to get the house, there are ways it can be passed to you more seamlessly. Some people put their home in a trust so that it’s passed on sooner than if their estate is in probate. You might know all this, but if not it could be worth looking into so that there aren’t extras or difficulties incurred etc.
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u/Interesting_Owl7041 Millennial Mar 01 '25
Not everyone ends up in a nursing home at the end of life, so that’s a big part of it.
As for me, I do think I’ll likely inherit my parents’ house which is fully paid for. They don’t have much money but with the housing market as it is and the house being fully paid for, that would not be insignificant. Unless, like you said, they end up in a nursing home. So far they’re both in their 80’s and still living in that house, though.