POA person with Dementia finaincial issues
My Grandma dx with dementia 5 years ago never made a POA. Now that she has deterirated mentally she lives w/ one daughter(JC). Her other daughter (JL) has handled her financial matters for 23 years. The daughter she lives has continually financial disasters, and has recieved thousands of dollars over the past few years to bail her out. Now she wants to handle Grandmas financial matters. Shehad Grandma sign a DPOA and wants to take the check book in Grandmas and JL name and have indiscriminate access to Grandmas funds(she has 4k of her money on hand but wants the entire ''stash'')... Is there any way to force accountability or keep financial matters in JL hands. One fear has been if funds are squandered with out documented costs that when Grandma--name removed--condition requires a LTC that the money will not be there.
1 Answer from Attorneys
Re: POA person with Dementia finaincial issues
This is a bad situation. I would suggest that you petition for a conservatorship to preserve your grandmother's estate. While it is not pleasant to have the court watching over everything, it is better than have a problem created through insufficient oversight.
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