Can We Take Out a Reverse Mortgage to Pay for Care While We Wait for Medicaid Approval?
My mom is 93 years old and living at home with 24-hour care. We applied for Medicaid and have spent down her funds. We are...Read more
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.