For about 4 years I have paid my mom's bills and attended to all financial matters. My dad died in March 2015. We are selling the house she and dad had for 38 years and she currently lives in a condo purchased with some of her investment money. She will net $5-10,000 (if we're lucky) for the house (they owed a lot on it) , she has $12,000 in cash and gets $1500 a month in SS.
I did the finances because my mom was overwhelmed in the last few years caring for my dad. He died a slow, painful death and she willing let me do it.
Now that things have calmed down and she is adjusting very well to her condo AND the fact that she WILL NOT listen to me or my brother when we discuss her overspending makes us think that she should just get her bills back and pay them on her own. She has had a few mini strokes in the past, still drives, has some memory issues, but is fairly healthy and active so she is capable of doing it( I think) .....we just are pretty sure she will spend all of her extra cash and maybe get into trouble....overspend, start getting late fees, rack up a big credit card bill, etc.
Do we just let that happen? It is her money and she just believes she is entitled to just go spend money she doesn't have. Nothing we say convinces her otherwise.
We haven't specifically asked her if she wants her checkbook back but are pretty sure she does.
Thanks for listening!