Alabama | Elder Law
Legal Question
debt protection
My grandfather had a stroke, and my grandmother has middle stage Alzheimer's disease. My mother is one of two primary caregivers (her sister, Sally is the other). My grandparents explicitly asked my mother to handle their finances as they could not trust Sally after Sally had years of financial problems. As my grandmother's mental condition recently worsened, Sally took over my grandparents' finances behind my grandmother's and mother's backs. (Since Sally has been allowed to live on my grandparents' property for years, she has 24 hour access to the checkbook.) My grandparents do not understand the need to give power of attorney to someone. Aside from the concern about covering costs for my grandparents' care, my mother is concerned about being liable for any debt if Sally misuses my grandparents' money as my mother's name is still on the checking and savings accounts (along with Sally's). The checking balance is quickly dwindling from frivolous purchases. How can my mother protect herself if her name is still on everything, yet has no control over the money/credit decisions?
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Read More Answered By: William Nolan |
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