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I am in need of information to help protect my mother's assets as she ages

Last post 05-09-2008 2:04 PM by Diane Heckle. 6 replies.
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  • 04-21-2008 2:36 PM

    I am in need of information to help protect my mother's assets as she ages

     Looking for the ins/outs to help the elder keep their asset, especially in times of need.

  • 04-21-2008 7:37 PM In reply to

    • JohnT
    • Top 10 Contributor
    • Joined on 12-11-2007
    • Seattle, WA
    • Posts 85

    Re: I am in need of information to help protect my mother's assets as she ages

    Hi Stefani,

    Let us know what city and state you're in and our local advisor may have a good local resource for you.

    Best,

    John E. Temple, Jr.
    Co-founder of A Place for Mom
  • 04-21-2008 8:46 PM In reply to

    Re: I am in need of information to help protect my mother's assets as she ages

    There are a number of options available to insure that your mother gets the care she needs at a price she can afford.  There is help available through the VA for the widow of a Veteran and some states have programs designed to help middle income seniors with affording care. 

    Please contact an Elder Care Advisor through A Place for Mom to see if your mother might qualify for financial aid.

    Best regards,

    Maggie  

     

    Maggie Champagne Kramer
  • 04-22-2008 9:44 AM In reply to

    • mjm
    • Top 500 Contributor
    • Joined on 04-22-2008
    • CA
    • Posts 1

    Re: I am in need of information to help protect my mother's assets as she ages

     Hi John,

    I'm in the process of trying to protect my parents assets.  They've just moved to my area and were being 'looked after' my oldest sister n another state.  I only found out recently that this sister moved in with them last August (I found out in November).  What, if anything, can I do, while I have a hostile sister that is in the mix?  She's badgering my mother (phone calls every few minutes, yelling sometimes; storming in the house and slamming doors left and right, etc.) who just suffered a stroke 12 days ago, but was released from the hospital.  Her husband is too old to take care of her but is devoted to her despite what's going on.

    Most importantly, the financial accounts show thousands and thousands of dollars written to this sister and mostly in the last 3 months from all their different accounts.  This sister is making wild accusations and threats against any one in the family. She made it clear that she was exhausted and overwrought from taking care of both my parents and I told her that myself and my other sister will take over from her so that she can start a new life, get a new job, etc.  I'm discovering that my sister is not well, she has been depressed most of her life, but especially after an abusive marriage; she's obsessive compulsive; she can fly off the handle and then a bit later, talk calmly -- perhaps she's having a nervous breakdown, I don't know.  My mother says she gave her money so that she wouldn't hurt herself. My mother doesn't seem to realize that she's given her the power to take every cent they have as well as already giving her almost all of their savings. My mother is in her 80's and has been 90% immobile for years and now with the stroke, needs or wants 24 hour care. My father is much more active, still drives, reads The Economist and enjoys all sorts of hobbies, but my mother has not allowed him to do anything without her, except get her stuff and go to church. My mother also berates and belittles my father and until I saw him come to life after being with me for 6 days, I believed my mother's stories.

    My sister hates my father and openly demonstrates this by yelling, scolding, swearing at him, etc. She took over their financesand got power of attorney recently - my father tells me with a form off the internet.  The hostility was there but escalated when my mother told my sister that she and her 3 cats could not move in with them last week.  Unfortunately, my mother told her this the day she was coming in from out of state to move in with them. She'd previously told her she could live with them until she found a job and place to live, but didn't want her cats in the house because the lease prohibits that.  However, my mother denies this now.  Everyday she changes the story and says it's my dad's fault that she's been thrown out on the street, and yesterday that it was my fault.  Meanwhile, my sister was given a huge sum of money last week, more than enough to tide her over for 6 months or more while she finds a job. She drives a Cadillac, my parents gave her a gas card (my parents also bought the car for her) and she's staying in a hotel that accepts pets nearby.  

    My father said she took away all my checkbooks and is aware that she does do things for them and that my mother pays her for it. However, when I started looking at all the check registers and saw the thousands of dollars logged in to my sister, my father was shocked at the amounts. And also bewildered because his savings are almost gone and he's been the breadwinner. He also said, that they (my sister and mother) are trying to get me declared incompetent to have me moved out; they tried to get my driver's license taken away;they've had me on a starvation diet (because of my mother's health, she's eating very little and very bland food), if I buy food, I see it's gone as soon as my older sister sees it, etc.. it goes on and on. However, my father is devoted to my mother (despite the craziness) and tender with her  - he's 1/2 her weight and he helps her shower, gets everything for her, etc.  He is slowly starting to realize the extent of the money issues - but he's so confused at the same time.

    While I'm trying to secure what's left for them and find-appropriate care and establish my mother's post-stroke therapies and find them a permanent place to live that suits both their needs, my sister is making threats and accusations that I'm 'brainwashing, abusing, elder-care abuse" and anything else you can think of toward me and doing it all by calling or vising my mother in person.  I fear for my father's safety, and my mother's, although I don't think she'll turn on her until the money source dries up (if I can accomplish that), and also for her own safety - because she's obviously "lost it". 

    I'm trying to focus on getting a new power of attorney and start the process to put what is left of my parents money in a  trust.  As well, getting her medical needs attended to by following the doctor's instructions and they are helping to determine her home care or living situation needs - this week, as we just got into town and the appointments scheduled. And trying to keep my father safe - but I cannot be there 24 hours a day.  

    Thank you for any advice. 

     

     

    distressed daughter and sibling
  • 04-22-2008 8:10 PM In reply to

    • JohnT
    • Top 10 Contributor
    • Joined on 12-11-2007
    • Seattle, WA
    • Posts 85

    Re: I am in need of information to help protect my mother's assets as she ages

    MJM,

    You have my deep sympathy.  You're dealing with a very tough situation. In my own extended family we had something similar; one sibling taking advantage of their parent while the other tried to help and find care. Each had differing agendas - one wanted to preserve money for an inheritance and not use home care or assisted living, the other wanted to use the money for their mom's care now.  As if elder care isn't hard enough, adding family dynamics can really put it over the top. 

    I think your first step would be to talk to a good elder law attorney.  If you call an advisor from A Place for Mom in your area (1-877-666-3239) they may know of some options there. If you are concerned for your parent's safety, you may also want to talk to Adult Protective Services for your state.  They may have some suggestions as to what you could do or they may be able to help directly.  Finaly a geriatric care manager could potentially take some of the burden off of you by coordinating doctor visits, playing a neutral third party role, and helping develop a care plan for your mom as well as dad.  Again, an eldercare advisor from A Place for Mom should have some connections for you in your area.

    Anyone else have some ideas for MJM?

     

    John E. Temple, Jr.
    Co-founder of A Place for Mom
  • 04-22-2008 8:39 PM In reply to

    Re: I am in need of information to help protect my mother's assets as she ages

    You may want to investigate establishing a Legal Guardian for your parents from outside the family.  This is a major step, but it might aleviate the tension between family members.  As John suggests, consulting an Elder Care Attorney might be the best first step, and that person may be able to help you with selecting a suitable guardian for your parents.  

    Maggie Champagne Kramer
  • 05-09-2008 2:04 PM In reply to

    Re: I am in need of information to help protect my mother's assets as she ages

    Unfortunalty this is a situation that is all to common. I have been a caregiver for many years and have seen this scenario all too often.  Families can be torn apart by people like your sister.   You will need to take charge of this situation and it sounds as though you are taking the right steps to do that.  Elder abuse comes in many forms and not all of them are physical abuse or abuse that can be seen.  Your parents, however, are in a mentally abusive situation that sounds as though it could escalate to much more if not dealt with immedialty.  If they are being deprived of the right foods and care they need that, too, is abuse.  It sounds as though you have your parents best wishes as heart and your sister sounds like she is to unstable to be caring for your parents.  I wish you the best and hope that your trip into the town they are in will help you find the answers that you need.  This will not be an easy road and I can only say," be strong, take action, and don't back down".  There are answers out there and your parents are counting on you to protect them.  Do not hesitate to contact the necessary people regarding the treatment that they are recieving at your sister's hands.   Now that you are aware of them it is your responsibility to take action and not become a party to any abuse and neglect issues that may arise if not tended to.  You will be blessed for stepping in and will never regret taking care of those who took care of you.  My thoughts and prayers are with you.   

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