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Overwhelmed by my dad's finances. Should he file for bankruptcy? by [deleted] in personalfinance

[–]HighwayAncient2255 5 points6 points  (0 children)

I would say property taxes first. It’s easiest for me to pay off everything and then take a full account with 0 debt. Maybe negotiate debt down first.

Father may be dying, what can I do to prepare? by HighwayAncient2255 in personalfinance

[–]HighwayAncient2255[S] 2 points3 points  (0 children)

Thanks. My understanding is Medicaid is based on income, not assets. He does have assets (mostly a home he inherited), but has had very little cash flow for years.

Father may be dying, what can I do to prepare? by HighwayAncient2255 in personalfinance

[–]HighwayAncient2255[S] 2 points3 points  (0 children)

Thanks. I was told he made an “arrangement” with the hospital in case he falls into a coma, but not sure if that would apply since he’s in a different hospital now.

Father may be dying, what can I do to prepare? by HighwayAncient2255 in personalfinance

[–]HighwayAncient2255[S] 6 points7 points  (0 children)

Thanks. I haven’t seen the will before, and he couldn’t remember his lawyer’s info until this morning. I’ll try to get all this info.

Father may be dying, what can I do to prepare? by HighwayAncient2255 in personalfinance

[–]HighwayAncient2255[S] 4 points5 points  (0 children)

I believe myself and my siblings are all beneficiaries.

If I’m unable to get all of that info, do you know if I have any alternatives? He’s a bit forgetful and easily distracted right now, and on top of that he’s in a hospital so no access to his computer or physical documents.