My mom moved into an ALF January 2015 and just recently transferred into their memory care wing due to fast progression of her dementia/ Alzheimer's.
I am the sole DPOA of her assets, health and her entire estate. She currently owns a home with a reverse mortgage and I will need to sell the home due to her not residing in the home for almost a year coming up this January.
My question is this, what are some issues that I should be aware of that others may have dealt with being a DPOA with a reverse mortgages, and a surviving parent with alzheimer's.
Sadly, she is delusional believing dead relatives are still alive and are supposed to pick her up on a daily basis. She does not know the year or month, etc.
I do not necessarily want to go the guardianship / conservatorship route but I would like to make sure that since we are talking about dealing within the state of California, I do want what is the best benefit for my mom and less hassle all around.
She has some equity left in her home and I want to make sure all of that goes only into an account for her medical and ALF / MC living expenses and out of greedy little fingers of relatives once the house sells or while it is in the process.
Any suggestions or ideas would be greatly suggested as I start preparing for this task so I know what I might be expecting down the road here from others who may have traveled a similar path.