Reply to Depressed Bipolar Parent w Financial Issues

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[quote=Anonymous]Re: transferring ownership to my brother or me.  I thought my dad’s primary residence was already in a trust for my brother and me as a form of bankruptcy protection bc he had personally guaranteed loans on these other real estate properties. That appears not to be true based on what my dad’s Gf said this morning. Potentially he could sell his house—it has a lot of deferred maintenance but is in the metro NYC area and still has value. For that to happen I think my brother and I would have to handle it bc he is barely making it through the day and doing the bare minimum. My brother is in his late 20s and I’m in my early 30s and we’ve also had some struggles ourselves. We’re both in a good place now which is a blessing but his initial mental breakdown and manic sprees were destabilizing for both of us (during our late teens and 20s). We both partly moved across the country bc it was too sad/difficult to be around the situation without being able to change anything or help. [/quote]

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