Legal Question in Elder Law in Florida

My mother is 87 and is a widow. Her manufactured home is on her and my name (can be sold with either one of our signatures). Her CD's and bank accounts read her name OR my name. She may have to go to assisted living or nursing home in the near future. How do I protect her assests? Can I take her name off of her assets to protect them - is there a time period? And if I start spending the money from the accounts will I need a paper trail of what the money was spent on or can it just be

transfered to my name.


Asked on 9/07/09, 4:18 pm

1 Answer from Attorneys
David Ellis david Robert Ellis, P.A.

Do not transfer anyhting before consulting with an elder law attorney. There are penalties for uncompensated transfers as well as a three year look back period. There are ways to accomplish your objectives, but this is a very technical area and must be done according to the rules, or you will create much bigger problems for your mother.

My firm is avaiable to help you in the Tampa Bay area, or if you are elsewhere, find a qualified elder law atorney in your area.

Best Wishes,

David Ellis

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Answered on 9/08/09, 9:08 am


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