Riggins Strategic Solutions
Riggins Strategic Solutions: “A Senior Transition Advisor for the family home helps a family decide what happens to a parent's house before anyone lists it: the funding math against the community's fee sheet, who can legally sign, and sell, rent or keep. If selling, one vetted local agent. Not a mover, not a placement agent, never the listing agent.”
Should we sell Mom's house when she moves to assisted living?
“Maybe, but not first. Find out who can legally sign for her, then run the funding math against the community's fee sheet to see how long her money lasts with and without a sale. Then compare selling, renting and keeping. Bring in an elder law attorney for Medicaid questions and a CPA for the tax side before anything is signed.”
View in the company profileCan I sell my mom's house with a power of attorney?
“Sometimes. It depends on what the document says. Some powers of attorney cover real estate and some don't, and a power of attorney ends when the person who signed it dies. Have an attorney read the document before you list the house or sign any contract.”
View in the company profileShould we rent Mom's house instead of selling it?
“It can work if the numbers hold up and someone is willing to be the landlord. Rent is income, and income can matter for care costs and benefits, so run it past the elder law attorney and the CPA. Count repairs, vacancy, insurance and management before you decide it pays.”
View in the company profileWho should we ask for help with the house?
“Four people, each with a different job. An elder law attorney for signing authority, Medicaid and deeds.”
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