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re: is a power of attorney for aging parents a good idea?

Posted on 4/9/24 at 1:12 pm to
Posted by Lizardman2
Member since Jan 2024
578 posts
Posted on 4/9/24 at 1:12 pm to
Yes.

Also if they have paid off their residence, get it transferred into your name.

Just did all this with my mother after my father died.
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 4/9/24 at 1:19 pm to
quote:

Also if they have paid off their residence, get it transferred into your name.



it is, but this isnt an option, since there are 4 of us who will inherit it equally

but no one has ever answered my question, about how to shop for a good lawyer?

i assume they have different types of lawyers but i have no clue which is correct to search for
Posted by Free888
Member since Oct 2019
1680 posts
Posted on 4/11/24 at 4:41 pm to
quote:

Also if they have paid off their residence, get it transferred into your name.


That can have some nasty tax ramifications down the road.
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