my mother was recently placed in a nursing home. they are now requesting monthly payment for her. how do i protect her assets? I have power of attorney for her. do i need to transfer everything into my name? she has cd's as well as investment accounts. I would greatly appreciate any advice you can give me. thanks so much.
1 Answer from Attorneys
The information you seek is too detailed for this forum. You did nto indicate why you are nto going to use her assets to pay the nursing home. If your mothe has not already employed an attorney to advise her as to her estate plan, you need to. If you mishandle the assets you could become personally liable to the creditors that do not get paid, and the governmental agencies that pay on her behalf. Many attorneys offer a free or low cost initial consultation.
Good luck
Related Questions & Answers
-
Assisted Living. Elderly dad in MO. This morning a 57 yr. old son of a female... Asked 10/31/09, 8:48 pm in United States Missouri Elder Law
-
Elder law My mom and dad in nursing home since last year. mom died last month, dad... Asked 6/07/09, 10:57 am in United States Missouri Elder Law
-
Credit Card Debts & Car Loan I am named as Executor on my Mother's will. When... Asked 2/11/09, 11:32 am in United States Missouri Elder Law
-
Overturning POA My g-mom has 3 surviving children and 1 of them decided to get POA... Asked 10/12/08, 7:10 pm in United States Missouri Elder Law
-
Agent wants to revoke Durable Power of Attorney My elderly uncle listed me as his... Asked 4/01/08, 2:52 pm in United States Missouri Elder Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
