Legal Question in Elder Law in California

Home asset

My mother in law has about 6 months of cash available for private care (she was in a traffic accident) after that her only asset is her home. What happens to the house if my wife and I also live there and we have been listed along with our two adult sons as owners for 5 years?


Asked on 7/09/08, 5:18 pm

1 Answer from Attorneys
Terry A. Nelson Nelson & Lawless

Re: Home asset

Nothing.

If she wants to put you on title, or sell it, or mortgage it, she can. She should consider getting a 'reverse mortgage' from a reputable source to provide her the income she needs. Have her contact me if interested in a referral.

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Answered on 7/09/08, 5:38 pm


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