Legal Question in Wills and Trusts in California
Durable power of attorney
my wife has DPOA recently.
My father-in-law in assisted living which is very expensive, due to dementia..It has a memory care unity why so costly. Months Prior he changed his will over to his daughter which is his home but...if he runs out of money because he could live another ten or even five years, hewill spend up his liquid asset.Wouldhe have to sell his home before he could get into Trust B His wifes side of the will....
i don't see this anywhere on the will.
thanks
He left his home to my wife but question is and i don't see it anywhere on the will is, If he spends his side of Trust A to keep him in the nice place we have him in, that money is all gone, does he have to sell his home before he can get into Trust B his wifes side whois deceased.
A
2 Answers from Attorneys
Re: Durable power of attorney
It is obvious from your question that your wife's father has some serious assest that are at risk unnecessarily because no one is helping her family plan that has any understanding of what can be done and how to do it. You need to hire an estate planning lawyer to get the lay of the land and take steps to preserve assets.
We can't give any meaningful help in this forum since everything is very specific to your situation.
Re: Durable power of attorney
these questions cannot be answered without reviewing the durable power of attorney, will and/or trust and obtaining further specific facts. you you retain an attorney to assist with these issues.