Hi smart ppl. If my aging mom has a equity line of credit that is active, but has a zero balance. Can she add me to the deed instead of refinancing to include me? Any other options I should be aware of. She finally got it paid, but I’ll be assisting her going fwd due to her declining health so trying to figure this all out. TIA!

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Posting as :
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I’m no attorney but I think the easiest/quickest way would be for her to grant you a power of attorney to give you right to act on her behalf

likehelpful

What are you trying to achieve?

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If you think she has more than 5 years before she would need Medicaid, you better run to the nearest estate planning attorney. You wanna protect assets asap.

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Once your goal is clarified, you will get some clear direction on this thread.

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Power of attorney is a better option, and looks less shady

Don’t have her add you to the deed. You will pay more in capital gains if you sell down the road.

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