Can the well spouse sell a rental property owned by the one in memory care?

Follow
Share

There is no power of attorney. Their wills leave everything to the other, to be passed on to their sons.

This question has been closed for answers. Ask a New Question.
Find Care & Housing
3

Answers

Show:
To be honest, not sure how they could have sold without proof of ownership or a POA. The realtor has to see a deed and a POA has to show he is allowed to sell. It will be in the POA papers. So, there was a way the person got around this. Memory care cost a lot. Maybe the money is being used to pay for that.
Helpful Answer (0)
Report

How are the affected spouse's finances currently managed, then? Bills paid, bank accounts tended, that sort of thing?

If the rental property needs to be sold to pay for the memory care that would certainly be a legitimate use of the asset; but I agree with Barb that you'd best get legal advice on how to go about it.
Helpful Answer (1)
Report

This question really needs to be asked of a lawyer. But bumping it up.
Helpful Answer (0)
Report

This question has been closed for answers. Ask a New Question.
Related
Questions