My mom has been diagnosed with Alzheimer's and can no longer live alone. She is currently living with me out of state. I had POA put in place immediately with an Elder Care lawyer.
I have been taking care of all her bills,utilities,credit card payments,but now she needs the money for her care. Should I just stop paying things or file bankruptcy for her?
She's been with me ever since I brought her for a visit and had her evaluated. Could not send her home of course!!
Bank has house tied up in two loans with a maturity date of 2029. Mom is 84!
What I would do, is pack up her home, sell the house, now she doesn't need home insurance, utilities, mortgage payments and such. Use the money from the sale of her home to satisfy the credit cards and any other expenses she has. Does she have Social Security, a pension or investment income? Bankruptcy is something you want to avoid at all costs.