Throughout my life, my father was never one to handle the finances, as his idea of keeping a checkbook balance was just the carbon copies of his checks and never using the register, and now all he does is goes online and checks his balance without thinking about whether all checks have been through.
I went to college for accounting, but in order to continue to care for him had to withdraw with only 14 credit hours left but out of money trying to keep everything going.
Over this past year I tried to explain to him that he should have sold a coin collection he had, but he kept refusing the offers, saying they were worth more, though I know they weren't. I also tried to explain that he had no need to try to hide the trust he was part of as it would not affect his SSDI. When he was chosen to be the next trustee after his mother passed, he turned it down saying that it would hurt his income, and now with his inheritance, he seems to think the attorney found a way to "hide" it when it was only put into a trust that he did not even receive a copy of the terms of. I have tried to explain that those would not affect him as SSDI is not needs based and income from capital gains and other non work income does not count against it.
Anyways, now he sits here with the coins, values at an all time low of 30 years, and is now mad about the values dropping which I warned him of, but still will not listen to any other info I have.
The DPOA paperwork that we set up is extremely broad, allowing me to make changes to any investments, accounts and property, and am wondering if I should just make the decision, which is to apply for a loan for a home for him, but am worried that he will be angry as he has a tendency to be short tempered. All of this is in the best interests of him, but I don't think he understands that his current condition is going to kill him.
We both live together and last year had to find a house due to a forced eviction. The only place we thought we could afford turns out the landlord has not finished a single repair that was promised, half of the house has no heat (the bedrooms) and the other half struggles. I have to spend a lot of money to keep the mice and cockroaches out of the house and our electric bill costs more than our rent due to having to use space heaters.
I cannot afford a loan as I am on SSDI also and only get half as much as he does but I am thinking that I may need to step up and make the decision for him. If he wants after that I guess he can remove me as DPOA. Does anyone else have an idea?