Advice

[discouraged01]

What is the name of your state (only U.S. law)?

New Jersey



My father passed away about 10 years ago and because of financial reasons my mother took out a reverse mortgage on the house. Some years have gone by and she's getting older. I am a high-level quadriplegic who reside in the same house and we split bills. In the event that she passes and I cannot afford to recoup the house what would happen to any assets that I have? This is considering I can afford to buy the house back? Otherwise I would hope to live elsewhere. I do not want it put in a nursing home. Possibly get something on my own or assisted living? What would happen to any assets were things in my possession?What is the name of your state (only U.S. law)?What is the name of your state (only U.S. law)?

 

[anteater]

You might want to explain a bit more about what you mean by "...what would happen to any assets that I have?"

Your mother's passing should not have any effect on assets that you own.

 

[Kiawah]

If your question is what happens to your household articles, if the house gets sold and you go into a nursing home, then you either sell whatever you can (you won't need much), give it away, or rent a storage unit and store it all there until you realize that you don't need or want it anymore.

Having gone thru two cycles of this with my inlaws and parents, it's just a matter of time until everything goes somewhere.