As an aside, if there is a possiblity your parents may need to go to a nursing home within the next 5 years, I suggest you consult an elder/estate attorney. When my Dad ended up in a nursing home a couple of years ago, I had to provided bank records going back 1 year and because he had “gifted” my brother 9K, I then had to provide all 5 years. Any monies paid out that were not used for my Father’s personal living expenses could be pulled back to help pay for the nursing home. My Father died before Medicaid kicked in so it was a non issue. Every payment was scrutinized. We are going through this with my MIL now. She is paying utillity bills instead of rent to my SIL, our advisor has told us that Medicaid may try to pull that money back and it would be better if she pays rent and had a lease. If your parents/you can afford to pay for a nursing home OOP, then this is not something you need to consider.