How are we going to be able to pay for access to my mother's assets?

1 answer | Last updated: Oct 10, 2011
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Barbara Steinberg is the CEO and founder of BLS Eldercare Financial Solutions, which specializes in helping families pay for long-term care for their...
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Unless you or your husband signed the deed or mortgage for your mother-in-law's condo, you are not responsible for her debts and your credit cannot be damaged. If the condo has significant equity, you should try to sell it. Otherwise it will go into foreclosure. Another option would be to rent it if you can get enough to cover the expenses. Regarding the bond, you need to let the court know that you do not have the resources to purchase the bond. You will need to prove this to the judge. Hopefully, your husband's request for access to his mother's accounts will be approved by the judge.

 

 
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