My mother, 75, has been advised that she should have my name removed from her checking account. Is this correct? If so, why?
Also, she was told that if she had to move into a nursing, since her house is in her name the nursing home could not take it from her. Is this true? Should the house be in my name?
2 Answers from Attorneys
Advice in such situations requires more information. Much depends on the legal
capacity of your mother, whether she has executed a DPOA, whether she is
interested in medicaid benefits, what her preferences are regarding estate
beneficiaries, etc. No simple answer fits all situations.
You should be dealing with an Elder Care attorney. There are Medicaid and tax implications involved. Call me if you need a referral.
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