Answered on Feb 13th, 2017 at 7:12 AM
Retitling assets have serious consequences for Estate planning as well as eligiblity for long term care nursing home benefits through Medicaid. For the IRA, the easy answer is for her to change the beneficiary to the 4 children. there may be some special language to include on the form depending on how she would want the share of a predeceased child to pass. For the other assets, I think you'd need to share information with an attorney in order to get more specific advice. I'd want to know your mother's age, does she own a home? What's her current health status? What is her inomce? Does she have long term care insurance?
I recommend that you seek out a local attorney for a more in depth discussion of the matter. I do not recommend that you take any action steps without such a consult. Act quickly because by waiting, you may lose certain rights and remedies available to you.