My grandmother has 4 daughters, which she loves dearly. She has prepared her will leaving her assets equally divided between all 4 of her daughters. Over the last 3 years dementia has set in. In April 2012, she was so frightened and paranoid in the hospital CCU that she had to be restrained. A family member had to stay with her the entire time she was admitted due to her fear and confusion. Earlier this year, she was diagnoses officially with dementia.
One of her daughters lives with her in her home and acts as the primary caregiver. This daughter's daughter (granddaughter) lives on the property as weel. My grandmother pays both her daughter and her granddaughter to care for her. My grandmother also has housekeepers, lawn services, etc. that she pays for. to assist with healthcare needs, she has in home nursing care and has issues taking care is herself.
My mother lives in TN and was executor of her will and POA with a co-sister named as well for a check and balance with financials. Recently, the primary caregiver (daughter) had.the POA changed to her, her name put on financial accounts, and had the property surveyed. In addition to these changes, there was a change to the will allowing for a codicil to be attached as long as it was notarized and attached to the will. We recently learned through a friend that she was going to have my grandmother change the will so she (primary caregiver) and her daughter (granddaughter) would be the beneficiaries and the other 3 daughter would be excluded from the will.
Upon this news, the 3 daughters presented my grandmother with a deed of trust upholding the original intent of her will, which is everything divided equally between the daughters. My grandmother stated that was what she wanted, but now doesn't understand.
I'm concerned that the primary caregiver and her daughter are taking advantage of her fiances as well. Recently, my grandmother had to give them $4100.00 for concrete and a privacy fence for the area on the property where her granddaughter lives. Her savings have been depleted, and I'm concerned that her will is in motion for changes as well. Also the beneficiaries of her life insurance policies were also change to the primary care giver.
What can the family do to protect their portion of their inheritance? What can be done to protect my grandmother? What are the legal ramifications? At this point, my grandmother only trusts her daughter, which is the primary caregiver....