Our Mother is 86 years old and has required 24 hour care for the past 3 years. Our Father past away January 2009. Since neither my sister or I could provide her care, we placed her in a very nice memory care home.
Our Father intiated a Special Needs Trust, but did not change the house title to his name only. Therefore, half of the house belongs to our Mother and half belongs to the Trust. We are running out of money and need to sell the house (currently appraised at $525,000) to pay for her care. We have also been renting the house for a little over one year (at $1400/month) to suppliment her care costs. At this time we have not found any records of purchase. We do recollect they paid about $16,000 for the property, and spent additional money to refurbish the house.