Hi all,
My mom experienced a fall approximately two weeks ago and was admitted into a hospital and is now in rehab. She will not be able to go back to the house she was living in. She has significant cognitive decline. I am her durable power of attorney (and medical).
She's in a strange financial position. She earns a decent pension (nets approximately $5,000.00 per month) but she ran up some credit cards, still has a mortgage, and has a lien against her house, and has a car payment.
My plan is to sell her house and take care of those debts since they'll eat into any ability she has to pay for anything leaving the rest for spending down.
Does this make sense to do?
She has about 26,0

