Tuesday, 15 July 2014

My dad has alzhiermers and is critically ill and is in a nursing home. I am his only heir. I also have power of attorney. Can I sell the acr...

Question

My dad has alzhiermers and is critically ill and is in a nursing home. I am his only heir. I also have power of attorney. Can I sell the acreage of property?



Answer

Assuming it's a valid power of attorney, yes. Beware that there may be some tax consequences, and, if there's Medicaid, some potential qualification hazards. Also, if you're not acting in dad's best interests, you could have additional problems.

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