I have durable power of attorney and am my mother's trustee. As such, I am caring for my mother's home in case she cannot continue to afford her Assisted Living arrangements and needs to return home.
Years back, my parents entered into a reverse mortgage agreement. My father has since passed and I would like to make sure the proceeds from the sale of the house (when that time comes) go into my mom's living trust. She is not using Medicaid to pay for her living expenses so they will not be coming for proceeds at that time. My estranged brother and sister may try to get their hands on what is left of their estate though. This is not my mother's wishes, and would not be fair because I am keeping up the house, even updating it to keep it marketable in case mom should choose to sell it to pay for her living expenses rather than moving back into her home.
So, my question is, can the title/deed of a home with a reverse mortgage be altered to be included as an asset for a Living Trust?