Download of Flawed Power of Attorney Causes Expensive Problems
Dear Mr. Premack: I submitted a question to you on Sept 9, 2011 about selling mom’s home when mom has Alzheimer’s. She is on Medicaid and I am designated as disabled. You said that if her power of attorney had been prepared properly with gifting authority, then as her agent I could transfer her house into my name without a Medicaid penalty. I checked on the power of attorney and the paragraph that had to be initialed for the gifting authorization was not initialed. So it won’