My dad had a stroke at the beginning of the year. I got all his short term and long term disability all set up. But now he’s on the begging stages of discharge and will need to be placed in a skilled nursing home. That being said.
His mortgage bills are racking up along with his pickup payment to which, I can’t afford to pay myself because I have my own things to worry about. What do I do? I am the POA. Do I sell it? Or wait till Medicaid takes it?
I literally feel so useless. I feel like I should be doing something but literally no one, NO ONE is leading me to the right destination. Even the social work and case manager are no help. This is literally my last resort.
Anyone! Help!
I know, because I experienced it. But you will learn a lot.
Get the advice of an elder law attorney. The POA pays for this, so it comes out of your Dad's funds. If there is no money to pay taxes and upkeep on a home it seems foolish to try to hang on to it. Does your POA allow your sale of it? If so this must be done for full market value, carefully, and funds put in your father's accounts. I would get the advice of an attorney because if you are POA you are going to be having to account for every penny in and every penny out of Dad's accounts and it's important to know how to do this. It is important to know how to label, how to manage and how to account for a senior's accounts as the POA. You cannot afford now to make a big mistake. Get expert help.