Contracts are scary. If your loved one ever moves into an assisted living community they will have to sign an agreement. The community might want you to sign too. This is where you have to be really careful. Depending on what you sign it’s very possible to obligate yourself and your money to pay for your loved one’s care.
Today I’m going to discuss representative payees in the assisted living context. What is it and why you probably want to avoid ever becoming one.
I hope this helps to protect your money.