My brother and I share DPOA for my father. I noticed the verbiage states it will go into effect upon declaration of incompetence. What does that really mean?
How ‘incompetent’ does one have to be? Are we talking bed-ridden and incapacitated? Are we talking about general lack of ability to make financial decisions? I’m sure this is a lawyer-type question, but I’m certain someone “out there” has some insight.
My interest is because my brother and I would like to purchase a small, VERY modest residence using trust funds so I can relocate w/my husband and continue the 24/7 care I provide. (Husband is 300 miles away....) is this possible?? Renting seems such an enormous money pit, buying w/intention to resell after use just seems more logical in order to preserve dad’s money. Thoughts?