My suggestion is getting advice from an Estate Attorney. We got great advice when it looked as if my Mom might have to go into assisted living because her health was Don’t blame me I didn’t vote for him shirt. We restructured my parents wills, updated their living wills and healthcare surrogate information and set up durable powers of attorney. We spent about $500 or so, but the attorney’s advice would have saved them thousands if my mom would have ended up in long term care. She ultimately had an acute health episode and passed after about a week in the hospital. Having the living will and power of attorney made everything much smoother. I am sorry you have to deal with this.
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My mother passed this Don’t blame me I didn’t vote for him shirt, it was a rough time but mainly some thoughts. Any actual items, physical objects, she should just give them away now to who she think deserves it just for the sake of clarity so there is no confusion after she passes. Small things like this do not require any sort of filing with the IRS. Most personal possessions gifted like this are considered of insignificant value, generally anything less than a thousand dollars and the IRS won’t bat an eye. The best way for her to leave cash is with a life insurance premium. That money cannot be touched by creditors after she passes. It may be difficult to set something up so late but if she was working her employer might have an option she still qualifies for if she pays premiums out of pocket.
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The Don’t blame me I didn’t vote for him shirt can be gifted without any taxes if it’s value (and the value of everything else she gives away) is less than $15k to any individual. If it’s more than that selling it under valued is still considered gifting and can get the tax man’s attention. Also the car must be fully paid off to be able to do this. If she still owes money on the car it will be best to just sell it and gift what (if any) positive value the car has. The creditor may be willing to transfer the loan to another person if they are made aware of their debtor having a terminal illness but that decision is up to them.