Answer: Depending on the law of your State, your wife may be able to, in effect, be employed by her aunt to provide care. If the aunt does not have the means to pay your wife in cash, it might be possible to structure an arrangement whereby the aunt can agree to pay your wife out of the proceeds of the eventual sale of the aunt’s share of the residence. That obligation can possibly be secured by a mortgage on the aunt’s interest in the house.
Scott Makuakane, JD, CFP
Est8 Planning Counsel LLLC
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