Protecting dad from his horrible financial mistakes is about to BLOW UP when he realizes he will have to get me to sign off!
Neither my father or mother have the skills to manager their money any longer. I set up an Irrevocable Trust under the our last name. However I was unaware that they will have to go through me to get money from their savings. They don't normally take money from the savings but my father wants complete control over his money. He can't even find the check book, moms wallets been missing now for a week. They called me this week because they didn't know which mail were bills and which were junk mail. So they wanted to send all of it to me to go over, I sat on the phone with my mother for an hour telling her what to through out. They can't find their behind with both hands yet dad wants to manage his own money! I'm trying to protect them from losing their house savings and they are keeping to much money in the check it needs to be transferred to the trust. Dad is already so angry at me he said it's his name money he's going to the bank and take it all out so I can't touch it. I warned him if he closes his checking account all of this pension check are deposited there and he will have a huge mess, which actually will be my mess to fix! I ask him about a 500.00 check he wrote to cash he didn't remember writing that check, doesn't know where that money is either. He told me not to move his money into the saving trust or I'd be in trouble. He was going to get a plane and fly down her to tell the attorney off who set up the trust. My dad is gone off the deep end. I've spoken to the agency about the missing wallet in a non accusatory manner. However she needs to go mom and dad are chronic complainers who wouldn't be in their stage of life, but it again is messing me up. I hate having to fight their battles with creditors, with my dad, they have know idea what they've done to themselves. It's going to get worse I've been told when he finds this all out, I tried to explain all of it to him but he can't grasp it. He still things he can go back to work as an investigator, he's getting worse he felt cut hurt himself the other day found that out from the care agency, and mother isn't eating. We are trying to get more help in to make them comfortable at home to move them to assisted living would be a nightmare for me, them the staff with my dads personality. So anyone have any thoughts on what do I tell him to calm him down you can't reason with dementia!