Legal Question in Elder Law in New Jersey
My aunt has a life estate in her former summer home. She is now in a assisted living facility and does not use the home. What are her responsibilities regarding taxes, maintenance etc. ?
1 Answer from Attorneys
This is only part of the questions that have to be dealt with. First, to answer your question, whether she should pay the taxes, etc. will depend on a couple of things. It is pretty clear that she because she is in an assisted living facility, she will NEVER go to the summer home again unless she has a lot of physical assistance from other people to help her. Who owns the property with her? And now the other questions: how is she going to be able to pay for the assisted care facility? will her money run out? Does she need to give a power-of-attorney to someone to help her deal with her finances, and keep track of the bills and write checks?
Talk to a lawyer near you, get some advice.
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