I am 24/7 caregiver for mom. No one else even sends her a card or calls. She put me as beneficiary of a life annunity. She was told by broker that this would not go into probate. If something happens to her, do I have to tell estranged parties I received this. If it is contested who pays attorneys fees. I have devoted my life, left my career and am giving my mom the best final years of her life. They do not care but will probably show up with hands out.
She also set up a joint checkng account with me many years ago (we are very close) I do not misuse her money - but could a court make me go back and reaccount. I pay for things for her on my credit cards and cash. We have just all thrown it together for years. She is living with me for the past 6 years. Not paying rent or caregiving. She is older now and requires 24/7 caregiving. Not to mention the dirty laundry, stress, etc. I love her dearly and am not in it for the money. She demanded to have it put in my name because it came from my step dad (to her) and I cared for him. I'm stressed out enough now don't want a court issue later. Although, I am the only one deserving. Not like it is a fortune or anything.