Buy my house but let me die in it?

[Ryan Dossey]

Just got a lead off of my DM campaign. Older lady. Has Alzheimer's Disease. Her daughters called and want to sell the home but want to let mom pass away at home first. They are trying to avoid having to wait 6 months for probate. 

My thoughts are buy and lease back or get it into the daughter's name. What do you guys think?

[Account Closed]

Originally posted by @Jonathan Towell:

I like the idea of buying and leasing back. Maybe they can prepay 6 months rent from proceeds of the sale. If the mom is dying, she may not have it in mind to pay rent so you'd want to avoid being in the awkward position of asking them for late rent during such a difficult time.

You know that people with Alzheimer's aren't necessarily dying, right?  :)  My neighbor's dad just died last month at 95.  He lived in an Alzheimer's care facility for 15 years.  

I'd be more inclined to look at a life estate.  Really depends on the seller's situation, whether there is Medicaid involved.  Who else, if anyone, is living the house.  Lease back or life estate, you could be in it for the long haul.