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Bethgk Asked December 2024

I have financial poa for my uncle that includes real estate transactions he is going into long term care and will be self pay.

Can I sell his home to pay for this

MACinCT Dec 2024
You will need a lawyer for real estate closing. Choose an elder attorney and ask if the closing can also be done by him if it is simple. Or choose a firm to assis

Frebrowser Dec 2024
If you will be using a specific title company for the sale, they may be able to look at the POA and give you an opinion.

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Geaton777 Dec 2024
Read your PoA doc carefully. You'll be able to see if you have this authority. If it's not clear you should have an elder law attorney look at it (or you can have this done online through companies like Legalzoom.com or Rocketlawyer.com -- they have actual lawyers who practice in each state).

AlvaDeer Dec 2024
Yes. You can if the POA says that you can. Take great care. If you don't know the answer to this question it concerns me that you may not know how to do POA completely. That you are uncertain of the rights and the rules. If that is so it is imperative for you to get answers that are PROFESSIONAL and LEGAL. That means an attorney. Profits of the home must be in HIS name with you as POA. You must sell the home at fair market value. Everything must be up and aboveboard.

You should see a CELA Elder Law Attorney, with your POA documents, to get guidance and to assure yourself everything is done to best practice. A Forum of strangers is just that. We aren't realtors or attorney's and we give you our best guess. You need expert help when you are dealing with crucial legal, medical and financial questions. Your POA pays for this.

Best of luck to you.

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