Legal advice about Power of Attorney

Factual Questions
1

My Dad is elderly and still in good health thankfully. He lives with me and my husband.

But my boss is telling horror stories about his grandmother who lives with him. She recently broke her leg, and is in pretty bad shape, but she is back home with him now. Medicaid/Medicare (I don’t know which) won’t pay for any home care. It’s coming out of my boss’s pocket. It ain’t cheap.

My question is, if I get a power of attorney, will his assets be mine, and will I have to declare them as income? I have downloaded a Power of Attorney for both finances and medical, and plan to take him with me to a notary to sign them.

I realize I need to speak with a lawyer and an accountant, but I was hoping I could get some advice from you guys, too.

I live in Texas.

Thanks!

2

It’s actually your father who should consult an attorney about whether and to whom he might wish to give such a power, what the scope thereof should be, etc. If he’s elderly, he may qualify for advice/assistance from your local Legal Services program.

3

Delores. Sorry but I’ll close this one since you’re asking for very specific legal advice about a real-life personal situation. At least you got a helpful piece of advice from a real live lawyer.

samclem GQ Moderator