Brother told me to move some of Mom's money to another bank because of FDIC?
He emailed me for the first time ever. Recently he setup an online account for the bank mom has most of her money in. She has been paying bills late, etc. She has more money in this bank than FDIC insures for. I don't think a major bank is going to go down now a days. And don't want to do what he says. I also have POA, he doesn't. He is not looking out for mom. Just himself. He lives with mom. She pays the bills. He only gets SSI. He couldn't hold a job.He was lazy. Plus he gets all the money when mom dies. She is giving him the house and he will need as much money as possible to pay expenses. I not doing anything now.
But I could move one savings account to another bank later. I dint want to move the money and not tell mom. Besides she gets the bank statements. She might read them. And get a shock. She is dealing with a very painful injury that is limiting the use of her right arm and hand. She won't want to deal with anything else.