Commented on a discussion 8/2/2009 at 11:32 pm
My sister handled my parents affairs when they got older. After several years, she sold their home and moved them to another home with a higher morgage. The family wondered but no one suspected any wr
...Read MoreMy sister handled my parents affairs when they got older. After several years, she sold their home and moved them to another home with a higher morgage. The family wondered but no one suspected any wrong doing back then. Then my parents couldn't afford the payments and their house went into forclosure! My father seemed agitated and went to my husband and I for help. He wanted for us to contact a lawyer to find out where all his money went!!! This opened up wounds, because my sister told us she used it for her business but saved some money for them. I later found a bank statement dated way before my parents lost their home and they had at least $18,000.00 in the bank! I couldn't understand how this could be when they lost their home and they repossed their car. When my father passed away I also found out that there was no money to bury him, so we all had to ask family members to donate money in order to bury him as cheaply as possible. I was so mad, but my mother told me she didn't want us to punish my sister. Now my mother lives with me and I find out by accident that my sister is the power of attorney for my mother! I asked her where is my mothers checks going to. She told me she has a bank account that my mother saves and that she put my mothers money in a cd account so that my mother can't spend the money. I told her what if our mother passes away? She told me don't worry I am the power of attorney. Can I suggest a durable power of attorney and tell her to revoke the one she has? What happens if this fails. Do I have a right to demand my sister to split that money even though she was power of attorney. I need to know what my rights are. If seems like she is saving the money and earning interest and hoping that when my mother passes away it will be hers. I don't think it is fair since she dwindled money from my parents in the past and got away with it. Please advise me on what to do! Thank you Linda