Should I consider purchasing my parents’ house before they pass away? This is a multifaceted decision that encompasses not only financial implications but also emotional considerations. On one hand, acquiring the family home could provide a sense of security for my parents, allowing them to continue living there without the burden of rent. However, it raises philosophical questions regarding attachment and the feeling of independence when it comes to elder care. Would buying their home create a sense of obligation or dependence? Additionally, what are the potential ramifications on family dynamics and relationships? If I proceed with such a decision, how can I ensure that it remains beneficial for all parties involved? There are also practical aspects to contemplate, such as the current market value of the home, potential renovations, and the long-term plan for the property. Overall, what are the most prudent considerations I should keep in mind in navigating this precarious situation?