Quote:
Originally posted by Craig911
Open 529s for people he loves. THAT would be THE smartest thing to do. Frankly, I do not want to hear opinions on this - this is for Dave.
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Well tough cheese. You're on the internet so get used to it.
The question I think, unless I misread, was how to afford his long term care, not generate income for his kids from a 529.
How about renting the 60k house for x dollars a month? What are his long term care costs? Is the house payed for? What are your tax advantages here? You need a comprehensive plan to cover your options by seeking the advice a competent RE advisor and estate planner.