Most families have to sell the house before the parents die because the parents can’t even use the house anymore. Maybe it’s more common but it seems most parents die in a facility or some other special housing for end of life. They have to use that money they got from the house sale to pay for the end of life care.
Basically, end of life care siphons off any chances of generational wealth unless exceptionally well off.
Most families have to sell the house before the parents die because the parents can’t even use the house anymore. Maybe it’s more common but it seems most parents die in a facility or some other special housing for end of life. They have to use that money they got from the house sale to pay for the end of life care.
Basically, end of life care siphons off any chances of generational wealth unless exceptionally well off.