| how to split assests
my parents & grandmother a owners of a duplex. my parents want sell & move out of state taking my grandmother with them who lives with them. the front duplex has been rented all along, over 30 years. the monies have been collected by my father, because my g/mother lived out of state up until last year. A small amount was paid to my father for the "caring" of the rented duplex. a second morgage was taken out by my father a few years ago for personal use, does that get split up as well? the g/mother rec'd a small amount from retirement & medicare for her expenses, although my parents administer her money. She is 88 years old and has the beginnings of dementia. when they sell the duplex, what amount should go to the g/mother? how much should she contribute to the purchase of the new home? She will be living with them again. they are planning on purchasing new furniture for the new home as well, does she contribute to that as well? how do you split day to day expenses, such as utilities, food, etc.....
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