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#1 | |
4WT 500 Club Member
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Quote:
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#2 |
Moderator
Donating 4WT 18K Club Member |
Hey Linda, sorry you're going through all this. Catlover and Tink have given you excellent advice. I think you need to act on it as soon as possible expecially getting the power of attorney.
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To every thing there is a season, and a time to every purpose under the heaven. ECCLESIASTES 3:1 |
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#3 |
Senior Member
Join Date: Sep 2006
Location: Indiana
Posts: 1,367
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Thanks ladies, We had a dual POA done before my mom passed away.
So my brother and I can sign for anything. My name is the only one on their bank accounts so i'm pretty safe there. My dad had a will drawn up before Christmas. It states that my brother has first rights to buy when my dad passes away. So you all have given me very good advice most of which i forgot to mention when i started this thread. My dad has gotten violent in the past so I will have to check into things better. He owns property so Medicaid will not do anything since he does. Thanks again everyone. ![]()
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#4 |
KAT'S KRAZY KORNER
Donating Member |
Hi, I don't think we have formally met, I'm Kat (aka Kathy) Is your name Linda?Yesterday I called you cecil and I apologize for that, I'm usually good with names.
Are you feeling better today? Stress can be a bear. Have a Happy Easter if I don't see you here before then. ![]()
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#5 | |
Senior Member
Join Date: Sep 2006
Location: Indiana
Posts: 1,367
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Great to meet you. My name is Linda, At work they call me Cecil. Things are ok, Thanks for your input.. Happy Easter.. ![]()
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The real measure of a woman's wealth is what she has invested in eternity. ![]() |
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#6 | |
Moderator
Donating 4WT 13K Club Member Join Date: Sep 2006
Location: Kansas
Posts: 16,069
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*´¨) ¸.•´¸.•*´¨) ¸.•*¨) (¸.•´ (¸.•` ¤ Diana Baker ✞ You and I are friends.......
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#7 |
Donating 4WT 2000 Club Member
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Right Diana... I think it might vary from state to state. If I'm not mistaken it's 3 yrs here in Wisconsin.
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#8 |
Moderator
Donating 4WT 18K Club Member |
You may want to check into selling the house and land and using that money for a nursing home near you, just in case. You'll need that money to take care of your dad no matter what, so I would really make sure your brother knows that if he wants to purchase it, he will have to pay the appraised price like everyone else. It's for your dad....not him.
I don't know that much about the Medicaid stuff, because I haven't had to go through it. My sister-in-law did all the work with that for my in-laws and it's all too confusing to me.
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To every thing there is a season, and a time to every purpose under the heaven. ECCLESIASTES 3:1 |
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#9 |
Guest
Posts: n/a
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I can tell you that I've been doing tons of paperwork and applications dealing with things for my mom. A lot of applications ask, "has any property been transferred within the last 2 years". So yes, even if it's sold, there could still be repercussions.
One thing I forgot to mention-if his property is paid off (or close to paid off) he should probably be eligible for a reverse mortgage. You might want to check into that. His property could actually provide an income for him. |
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