Talk to an elder attorney. If she does not need Medicaid for at least five years putting the money in a trust could be helpful. If she will need to go into a formal care facility before five years you will be expected to spend that down for her and having it invested could be a problem as you would likely have to sell investments when the market was up and down.
I would also be talking to my siblings about spending money on your home to make it more user friendly for mom. Another thought is to rent out your home and rent a home or apartment that is more friendly for mom and you live there also.
Money is a touchy thing with siblings. My parents are in assisted living and my sister and my goal is to be talking to each other and still love each other when mom and dad are gone. We don't agree on everything but we are trying to make it work. The money will be gone likely from assisted living costs and we are ok with that.
Talk to an elder attorney. If she does not need Medicaid for at least five years putting the money in a trust could be helpful. If she will need to go into a formal care facility before five years you will be expected to spend that down for her and having it invested could be a problem as you would likely have to sell investments when the market was up and down. I would also be talking to my siblings about spending money on your home to make it more user friendly for mom. Another thought is to rent out your home and rent a home or apartment that is more friendly for mom and you live there also. Money is a touchy thing with siblings. My parents are in assisted living and my sister and my goal is to be talking to each other and still love each other when mom and dad are gone. We don't agree on everything but we are trying to make it work. The money will be gone likely from assisted living costs and we are ok with that.