How do I go about transferring the Title of their home from joint to Mom's name, when Dad has a home equity line of credit against it. He is in a nursing home and cannot repay it. She didn't even know they had a loan, and doesn't have the income to repay it. Secondly, how do you divide their once-joint expenses into two separate accounts for the purposes of Conservator reports? What a lot of work!
Thank you and God bless the children who help there elderly parents...
According to DFACS, the way they figure how much you have to pay for the nursing home care is this - "Each month you must pay a portion of your income towards the cost of your nursing home care. The amount you pay is determined by subtracting deductions from your income for your personal needs, the needs of your husband or wife if they do not live in a nursing home, and an amount you need to pay for medical insurance premiums and past medical bills that are not covered by Medicaid. The amount remaining after these deductions is the amount you must pay for your nursing home care."
If you can't find a good elder attorney - post back and I'll give you the name of mine! God bless you all!