Mom broke her hip 2 years ago, and I relocated her to Georgia. She won’t walk and needs help with all activities of daily living. I moved her into a very nice senior community with assisted living, but her monthly long-term care expenses ($8,500) for the last two years have zapped her savings and mine. I shouldn’t have to go broke providing care for her and feeling resentment.
Her home in Mississippi is paid off and on the market. Unfortunately, it’s in a small impoverished town. We need money now. I have financial power of attorney. Can I get a reverse mortgage to pay for her expenses until the house sells?