My mother has just been moved to a nursing home under Medicaid.
She has approximately $15,000 in credit card debt that has made consistent monthly payments on.
My brother has been living with her for 3 years taking care of her and the only income they have had is my mom's social security check that they have used each month to pay bills and buy food.
My brother and I have joint power of attorney.
She owns her house, mortgage free, which he would like to continue to live in and return to work since he has time now (she required 24 hour care)
He will return to work within the next few weeks. As of May 1 there will no longer be any social security benefits to help with her credit card debt and utilities.
How do we handle notifying the credit cards of the situation?
The property has been in our family for 50 years so even when she passes away we do not want to sell the property or have the creditors have access to the property if we have to sell it. If we cannot pay the taxes, utilities, we will need to sell but do not want creditors have access to the proceeds of the sale of the property.
Any advice is so greatly appreciated.