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Posted by SamIam_CA on 5/13/05 1:12pm
My parents are in their 70s and looked into it. They would only get a small % of what the fair market value of the house. They when they do 'cross over' my sister's and I would inherit nothing. Personally if you have kids, I think it is not the best choice. However, if the seniors have no one to pass the property down to, I think it is a great way to insure you keep your home your whole life.