New York | Real Estate Law
Legal Question
I curnetly have power of attorney over my elderly parent who owns an income proucing house. Problem is th ehouse is currenty not proucing come ue to mismanagement of my sister who also lives in an apatment with in the brownstone. An additional apt i curretly vacant. I have allowed my sis to run the house as I am out of state however it s being mis managed. Which is effecting care of my mother ue to finance issues. What is the best way to take control of the house where my mother can benefit financially. My sis wil not respect my power of Attorney and pay rent or provide records of rent paid when the house had a tenant or supposed expenses paid out by her. The house is currently in our moms name so the taxes are lower. Is it better to get a dee transfer pros and cons. or add my name as a life estate in the event my sis coherses my mom into a new POA with her.
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Read More Answered By: Michael Markowitz |
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