<prompt> Human: My MIL has been battling breast cancer for six years. Currently she is in good spirits, but every year is getting worse. My FIL has COPD and emphysema, he was told two years ago he has limited time. I believe that time is closing in, but who knows?They are able to live in their 55 and over community in Florida on their own, with the help of my brother-in-law. My husband and I live in Ohio. My FIL wants to name my husband as his life insurance beneficiary and use the money to buy their home after his death and rent to my MIL, as well as take care of any of her expenses that her SS and retirement wont cover. My MIL may eventually need nursing home care, who knows?My FIL is convinced this is the way to go, although he has not talked to an attorney. Is it legal to do all of this? If MIL has to go to a nursing home, how does this affect the purchase of the home? What are the tax implications? What else do I need to consider?  <response>: talk to an estate attorney. 