My mom's been withdrawing thousands of dollars each month and can't account for it! What can we do?

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If no other people are named on the account to which the thousands of dollars are being withdrawn and no out of place behavior has developed (such as might appear in identity theft) and the money is her money, why can't she use her own money as she deems appropriate? Does she have any favorite charities or other activities that might consume thousands of dollars (such as giving Christmas Gifts as shares of stock equities) or such as deciding to leave everything in her estate to whomever is declared by local state probate court as a proper heir (instead of her own naming of a proper heir) and at the same time deciding to make her personal estate absolutely without any residual value that may be processed by the local probate court where the executors of an estate dispose of personal property?
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May I suggest that someone can account for it. Maybe Mom can't remember, or is embarrassed. But there is probably a record or trace somewhere, either in her accounts, or hidden in some stack of paperwork. Or is she that secretive? Have unexplained items suddenly appeared? Or strange people hanging around. I used to poke around after my folks went to bed. And what I found not only surprised me, but put me into a state of shock, leading to quick action. My husband did the same with his Dad, who had someone defraud his Dad out of almost the entire value of his home. Check for mortgages, etc. You might be surprised as well. If one acts quickly, often funds can be recovered. Sadly for us, we got there too late, and are in the clean up, and salvage phase. Take care.
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We have a POA, but not the double signature....we'll try that...thanks
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You should have had a POA a long time ago. Get it. Also, notify the bank that two signatures are required on all deposits and withdrawals. Good Luck.
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Steve is right.
Get power of attorney, but did you know that there are different kinds of POA? We have one for real estate, one for health and one for banking. We covered all the bases! I took my mom's ATM card and checkbook away from her. We put all her money from the sale of her house into a trust, a formal trust with an id. After 5 years there is no look back for Medicare and that is good. They cannot take all her money if she needs care. It must be spent on her, but you have control. Good luck.
Linda
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As a retired banker, I can tell you what you need to do in order to "help" you Mom with this problem. You can either acquire a power of attorney (requires a lawyer, but not expensive) which your Mom will have to sign, or be added to her bank accounts, which will also require your Mom's signature. In either event, you will then be enabled to do her banking for her and/ or be privy to her accounts. Either one will suffice, but personally, I would rather see you get the power of attorney, so that you can act on her behalf in matters that the power of attorney document allows, which could include medical decisions, all financial transactions, real estate, life insurance, etc. Just be certain that the attorney that you use is acceptable to your Mom, or thigs could get difficult. Since I don't know your Mom's state of mind, be aware that it her to be lucid in order to sign either of these documents.

Good luck.
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