Elder Law Answers
Is a Reverse Mortgage Right for You?
While reverse mortgages may look like no-lose propositions on the surface, they also have some significant downsides. ...
Read moreCan My Mom Sign a Reverse Mortgage Even Though I Have Her POA?
- December 6th, 2016
Q
I just learned that my elderly mother signed a reverse mortgage while I was her agent under a durable power of attorney. Is there anything I can do?
A
Probably not. While a durable power of attorney gives you the power to act for your mother, it does not take away any of her rights to make her own financial and legal decisions. If you believe your mother was not competent to make decisions on her own or was hoodwinked, there may be steps you can take to reverse the transaction, but they have nothing to do with the durable power of attorney being in place (except that it gives you the power to act on your mother’s behalf now). If you believe that your mother was a victim of financial elder abuse, click here for information what to do about that.
Local Elder Law Attorneys in Ashburn, VA
Jeffrey Hammond
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
Bethesda, MD
Meet Jeffrey Hammond
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Jeffrey Hammond
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
(301) *** ****
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Meet John Laster
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John Laster
Law Offices of John L. Laster
John Laster is a lawyer licensed to practice in Virginia, Maryland and the District of Columbia. He limits his practice to wealth transfer planning, trusts, wills, powers of attorney, health care decision-making issues, estate administration and related tax, elder law and disability concerns. Listed in The Best Lawyers...
(703) *** ****
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Meet Margaret O'Reilly
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Margaret O'Reilly
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...
(703) *** ****
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