Home » Money & Legal » Financial Matters » Discussions » My mom sold her house and will walk away…
Louie
Give a Hug
Jun 11, 2010
and moving to SD to get a small apartment close to me so I can care for her. The profit from her house was meant to be used to pay her monthly rent and she can live off her social security, but I am terrified she will lose her Medicaid since she made that small profit. Also, she has very deep credit card debt and she will have to file bankruptcy when she gets here, but I am also afraid the credit card companies will take what little she has. She wont be 65 until March 2011. She has been terrible paying bills and managing money her whole life so I want power of attorney to make sure she doesn't blow these funds as well. She doesnt have a problem with that, but I am just so worried there wont be any money to pay any bills at all.
Print
Email
Add Your Comment »
Carol Bradley Bursack
Jun 12, 2010
Please consult and estate attorney or and elder attorney plus a bankruptcy attorney. She needs to be in compliance with Medicaid to keep that. They will know the best route to take. You'll should have an attorney help you with the POA, anyway, and maybe some of the funds can be "paid" to you for her care. Only an attorney is going to get you through this with nightmares.
Good luck,Carol
(0)
Report this Post
195Austin
Jun 13, 2010
As usuall Carol knows what is what so you need to take her advice,
Like this (0)
Please stay on topic or start a new discussion.
Money & Legal »
Have a question? Just need to vent? Find answers and support from the real experts - other caregivers!
My Elderly Mom Doesn't Want to do any Activity that Doesn't Include ME! Comment 4 mins ago by janets
The Caregiver & Dysfunctional Families: How are you doing? Comment 24 mins ago by Ucantcare2much
Grossed Out? Need to Vent? Just caught Mom using my toothbrush to comb her hair! Comment 47 mins ago by angelhair
Mom is in a nursing home for dementia/cancer. Hospice says she can't go home without 24 hour care, which… Answered 1 hr ago by 195Austin
Do Medicaid and Medicare pay Caregivers to take care of elderly parents? Answered 1 hr ago by 195Austin
More From The Community »