Legal Question in Elder Law in Indiana

mom purchased Certificate of Deposit POD

My mother is entering a nursing home in Indiana. She purchased several Certificate of deposits with my brother and I listed as beneficiaries POD. Can the nursing home take these? Do I have the right to cash these out before her death with her signature or will I have to repay them?


Asked on 9/29/08, 12:05 am

1 Answer from Attorneys

Mary J. Hoeller, R.N., J.D. Attorney At Law

Re: mom purchased Certificate of Deposit POD

You need to consult an Elder attorney before making any decisions about this. Any move could subject your Mother to a transfer penalty period. Mary

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Answered on 9/29/08, 7:44 am


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