We recently received a settlement from a nursing home incident. I'm Mom's POA. Can I use part of this settlement along with a mortgage for myself, and put a home in both of our names, so that I can bring her to the new home?
My Mom lived with me for 15+ years prior to a massive stroke. She needs 24 hour skilled care (CNA for most things, RN for meds, etc. for limited hours) and would like to be home. My home (still have a mortgage) won't work for a wheelchair, etc. I'd like to sell my home, use some of her settlement as a down payment and have my name on the mortgage to pay the balance.
If I list both of us as owner's of the property is this legal, questionable? Does anyone have experience in something similar?