djbaker1969
New Member
My mother has been at a state mental institution for years. She owns a co-op and had cash in a cd. The co-op is being foreclosed as maintenance has not been paid in a very long time. I do not have a DPOA, my mother is very mentally ill, very distrusting and paranoid.
NY State called me because they dont want the co-op to foreclose (they want the asset).. They want me to petition for Guardianship and then gain control of my mothers assets so I may pay the back maintenance, then sell the co-op and turn all the cash over to them to help pay for her medical costs.
They told me I may be paid a commission for my help and any out of pocket expenses I incur will be reimbursed.
Please help with the following:
Should I do this?
How much of a burden will this be on me?
How much commission could they possibly afford me?
I am a little bitter because 1) I never had the opportunity to do "Medicaid Planning" due to my mothers mental illness 2) I originally was my mothers payee rep for Social Security, but even though I explained the funds were used to pay my mothers co-op fees and health insurance premiums - the Instution went behind my back and had the designation taken from me....now that my mothers unpaid health costs have gotten out of hand - the instituion now cares so much about the apartment.
Unfortunately I am quite ill myself and live hand to mouth so getting into a demanding situation would be a bad idea.
Thanks very much for your help and advice!
NY State called me because they dont want the co-op to foreclose (they want the asset).. They want me to petition for Guardianship and then gain control of my mothers assets so I may pay the back maintenance, then sell the co-op and turn all the cash over to them to help pay for her medical costs.
They told me I may be paid a commission for my help and any out of pocket expenses I incur will be reimbursed.
Please help with the following:
Should I do this?
How much of a burden will this be on me?
How much commission could they possibly afford me?
I am a little bitter because 1) I never had the opportunity to do "Medicaid Planning" due to my mothers mental illness 2) I originally was my mothers payee rep for Social Security, but even though I explained the funds were used to pay my mothers co-op fees and health insurance premiums - the Instution went behind my back and had the designation taken from me....now that my mothers unpaid health costs have gotten out of hand - the instituion now cares so much about the apartment.
Unfortunately I am quite ill myself and live hand to mouth so getting into a demanding situation would be a bad idea.
Thanks very much for your help and advice!
