Legal Question in Elder Law in Massachusetts
mom has an estate consisting of cash-about $200,000.-in a savings account. I am on the joint account with her. She has a simple will. I know she wants the money divided equally among the children-which i will do. Does she need a trust or poa?
Asked on 5/23/17, 1:13 pm
1 Answer from Attorneys
A DPOA would be advisable depending upon her age so you could handle her affairs if she is unable to do so. A Simple Revocable Trust would make things easier to deal with upon her demise.
Answered on 5/23/17, 3:43 pm
Related Questions & Answers
-
Can my IRA's be put in a trust in addition to my home and bank accounts? If so how... Asked 3/19/16, 12:34 pm in United States Massachusetts Elder Law