My 80-something year old dad is starting to make some poor choices... like driving while on opiates after joint surgery.
All the professionals (social workers at the hospital and rehab center) say there is nothing I can do, he scores too high on the mental capacity tests. Every one of the pros say that I "just have to wait until a big event happens and just hope nobody gets killed".
The atty mentioned "equity stripping" his real estate holdings to protect his assets.
He would take out lien generating loans on the properties
but doesn't that just put cash in his pocket which still vulnerable?
How are the loan proceeds protected
All the professionals (social workers at the hospital and rehab center) say there is nothing I can do, he scores too high on the mental capacity tests. Every one of the pros say that I "just have to wait until a big event happens and just hope nobody gets killed".
The atty mentioned "equity stripping" his real estate holdings to protect his assets.
He would take out lien generating loans on the properties
but doesn't that just put cash in his pocket which still vulnerable?
How are the loan proceeds protected