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https://finance.yahoo.com/healthcare/articles/cared-mom-dementia-years-now-093000165.html

Helpful article! I think when an elder assigns a PoA, that PoA needs to get specific instructions on exactly how to manage their parents' affairs, like from a video presentation or additional Zoom meeting. Not just "What are the responsibilities of a PoA" but exactly how to do it in real life.

I had the advantage of being the bookkeeper/office manager for our family business for decades. I knew that in a reimbursement transfer the amount should match exactly, never rounded up or down. Besides the memo line on a check you can even make a note on every account-to-account transfer (same bank), Zelle, Venmo, and PayPal transactions. Keep every receipt: make a dedicated email account for just that and ask for digital receipts to be sent there. Etc.
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It doesn't matter what the caregiver or her brother think she should get from her mother's estate. If the mother left a will, then they will each get what the will says they will. If the mother didn't leave a will, then state law will dictate how much they get. If anyone thinks there is financial malfeasance, it needs to be addressed while the person is still alive.
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Good article that covers something that is unfortunately not uncommon.

Also unfortunately, if someone has POA and is self-dealing from a vulnerable elder's bank account, they are unlikely to keep any records that would provide a paper trail of it. Also unfortunately, if someone else does not have POA but suspects wrong doing, they are unable to get proof because nobody will give them access to financial records or details of an elder's care without it.

It can be a heartbreaking situation where the perpetrator can find protection within the system.

I am not claiming this is always the case with everyone, but it can happen sometimes. I hope maybe this is just a reminder to give careful consideration to whoever is designated as POA.
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Good article. Thank you for sharing it.
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