Minnesota  |  Elder Law

Legal Question

Asked on: 12/17/08, 7:37 pm

financial incompetence

My divorced parents have an

irrevocable life estate on several

hundred acres of farm property for

which they each get a lump sum

twice a year. My mother manages to

live within her means with no

problem, but my dad spends his lump

sum within 1-2 months and comes

to each kid begging for money. We

know that he gambles and drinks and

will never be honest when we ask

him to disclose where his finances

are spent. What can we do?

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