Tracy joins Eric to talk more about how they moved their parents into care facilities, emptied the house, and sold it.
In our previous podcast about taking care of our parents, we talked about working with a medicare consultant or elder care laywer, this was very helpful for us.
Getting power of attorney is the basic tool of all this. Make sure you get financial and medical power of attorney, the legal document varies by state. You should be able to purchase it online and have it notarized by your local bank. You can hire a lawyer to help with this POA, which may be a good way to start working with an elder care lawyer.
A good real estate agent is key to emptying a house of its contents and selling the house for the best price. Using an estate sale company worked very well for us, they take possession of everything in the house and deliver you an empty house. No need for garage sales and travel. It was very nice to have the house emptied by a third party, it can eliminate a lot of the drama.
Having a bank account for your parents with your name on the account also is a great help. And if they are in managed care, having their bills mailed to your house is a plus. Let your postal carrier know you will be receiving their mail so it doesn’t get sent back.
There are several forms for assigning ownership of the car, bank accounts, etc upon one’s death, and it avoids probate. Ask a lawyer about it.