Was it a mistake, maybe taxwise or otherwise? Mom has better credit and they always buy jointly but not this time. And dad has no income, she makes the money. It's strange that she bought the house in dads name w/ power of attorney? they are acting vague about answering simple questions about it which is weird too.My mom %26amp; dad rented their house out and bought a new house out of state but in dads name only. Was it a...?
It is ultimately their business and none of yours but that is strange unless Mom has the potential of being sued in the near future or something and they are trying to save assets.
Is there a mortgage? Whose name is it in? How is the house titled? Strange but if they do not want to discuss it you have to respect that right.
Added
Just thought of this but is Mom in ill health and they anticipate a nursing home stay?My mom %26amp; dad rented their house out and bought a new house out of state but in dads name only. Was it a...?
it doesn't matter. each family is allowed to have 2 homes before it becomes a tax issue. as long as taxes are paid on the rental home, there should be no problems. no other benefits.
Are your parents getting along right now and do you still live with them?
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