Back in 2010 I had my Mother do a will and she deeded the property and her house to me because I live behind her. She has some annuities in her name with her beneficiary to her estate. She is now been diagnosed with this Dementia/Alz about a year ago. She is fully aware she has these annuities and is drawing interest on them. The beneficiary is to her estate, now that things have changed, how can I protect those annuities to bury her with if she ends up in a nursing home? She has already deeded the property to me in 2010, and made me POA. I need some help, she doesn't have enough life insurance to cover burial cost. Thanks
There are special rules and considerations for homes, if you think she will need Medicaid someday to pay for her care when her money is gone, you need to educate yourself and her now on the rules in your state.