Q: My mom recently passed away. She was 91. We sold her condo this year while she was still alive. We put the proceeds from the sale in an account, which I held with her jointly, with rights of survivorship. I have had this arrangement with her for some 20 years. The account was exclusively for her benefit. All of her known bills are paid. I held a power of attorney for financial matters for her while she was alive.
Veuer’s Elizabeth Keatinge tells us when you should use credit over cash.