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MY MOTHER IS VERY ILL. RIGHT NOW I AM TRYING TO WORK ARRANGEMENTS WITH CREDITORS TO CATCH UP ON HER BILLS THAT HAVE NOT BEEN PAID. I WAS TOLD THAT I WOULD NEED TO GET A POWER OF ATTORNEY OR LIVING WILL. WHAT OPTIONS DO I HAVE TO HELP WITH HER AFFAIRS BUT NOT TAKE THE FINANCIAL BURDEN ON WHEN SHE PASSES?
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You were told correctly. You'd need your mom to sign a power of attorney so that you could handle her financial affairs right now.
if you wait until she passes, then her estate will have to pay her creditors before it pays any of her heirs.
Answered on May 15th, 2017 at 9:44 AM