Mom has been wise in the handling of her money, paying all her bills the day she receives them, saving where she could and investing the best she knew how. Even after Dad suffered through cancer Mom still had a nice nest egg for a 90 year old. Trouble is, it is either too little or too much. She never expected to go into a nursing home but it became obvious to even her she could no longer take care of herself. It looked like she would not be able to give her children the money she had saved for them all these many years. That is where I am trying to help her.
The only investment she is allowed to keep is her home so I am trying to fix it up to increase the value of it so the cash she would have given to her children will be given to them in the form of home equity. Hopefully some of the money I am spending on the house will return a value. I know cutting trees will not increase the value of the home but it will make selling the home much easier. Changing the fuse box to a circuit breaker box will increase the value of the home. So will adding a range hood and new flooring. I can only do so much living so far away and under time constraints to get things done and still be able to care for Mom.
This is not an easy task. If Mom had know she could have spent the money while she was in the home and made life easier and safer for herself. But she didn't know.
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