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#1
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POA - BankruptcyBankruptcy problems. My mother is out of money since I had to admit her into assisted living. Just recently she was also switched from her company healthcare policy to Medicare and Medicaide. The pharmacy did not switch over her to medicare and charged me a mound of money for her pharmacuticals. She has at least 6k in addional debt The assisted living home she lives in is looking to recoup costs in the amount of around 12k. My mother has property but it is jointly owned; as it was willed to her after her parents death. The joint owner refuses to answer my telephone calls, to attempt to sell off her portion of the land that is jointly owned. The only other remaining asset is a pension fund which can only be given out incrementally over a period of time. I will need this money in order to pay her new bills at another assisted living home. Since I am the POA for my mother will I be held liable for her debt. Can the Assisted Living Home put a lien on my home? I would think there would be some type of protections for children who act in good faith as Power of Attorneys. |
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#2
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| Q: Since I am the POA for my mother will I be held liable for her debt. Can the Assisted Living Home put a lien on my home? A: No and no. By the way, hire a lawyer and file a partition suit on the real estate. The court will sell it and split the proceeds.
__________________ There are two rules for success: (1) Never tell everything you know. |
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#3
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Just to clarifyI had POA before her debt accumulated and have been responsible for the whole time. Does this still mean to be liable. I have had strong threats from Assisted Living and perhaps am a bit paranoid but, I dont want to be consumed by mothers debt. Thanks very much, |
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