He is 73 and she is 72. They have been married for 5 years. She has strategically moved money over the past few years. The amount of approximately 250K. I do not know where his life insurance policy is. She has told him she wants a divorce now and that they can continue to live together, but wants to ensure her assets are protected if either one of them is needing nursing home care. She has her name on what is left of his mutual funds as beneficiary. She does not let me talk on the phone privately with him and has it on speaker phone. My dad has had issues with alcohol and she is taking this to her advantage. She has been divorced 3 times and according to the bank teller yesterday they informed me that she "drained" the accounts of her previous spouses. I am told that because they are married she has access to his accounts. My dad will not have money for medical care and will need to go on public assistance and I do not know if he will have the funds if dies to have a funeral. I am at a loss.
Now, you and your Dad need to make an appointment with an Elder Law Attorney to see what can be done to straighten out this financial mess. By chance did your Dad and his wife sign an Agreement saying that anything obtained before the marriage each belongs to separate parties.
Definitelyconsult aan eldercare lawyer to see what if anything can be done.
Gold diggers come in all shapes sizes and ages.
I took care of my dad after cancer found and was the executrix so I know.
Make sure if you father has any joint stocks that were his before marriage to take her name off or she'll get those too. Don't let your father get the shaft like my dad did.
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