My POA specifically revokes an older one held by a relative, but he keeps using it to his own benefit. How can we stop him?

Follow
Share
This question has been closed for answers. Ask a New Question.
Find Care & Housing
6

Answers

Show:
CareShare~ Doubt she'll get any $ back. Like getting blood from a turnip. Relative is an idiot when it comes to budgeting and living within one's means. He's in debt up to his ears, especially now that he's cut off from Mom's SS $. Might get some $ back from a bank account that was insured but it's a long shot...he did not tell them who he was or that he was getting into her $ so, to me, that's impersonating her aka ID Theft...we'll see...she'll need money soon since she has advanced Alz.
Helpful Answer (0)
Report

William, That is absolutely awful. I'm sorry you and your mom are going through this. I wish I could give some advice, but I have none, except to see a lawyer. I hope you get some of the $ back and that he is punished. Did you call the medicaid office and explain everything and see what they can do? I hope things work out for you and your mom.
Helpful Answer (0)
Report

I suspected something was wrong last summer and ran Mom's CR to find her almost $100,000 in unexplainable debt. After many months of my own investigation I found that this same relative had been using Mom's credit cards (he changed the mailing address to his) and opening new accounts online using her SS# but his address. He sporadically sent in monthly payments and milked the credit companies for all he could get before the cut him/her off. He also transfered lots of money over the years into his own account and his company's account. I put an immediate freeze on her credit, contact everyone to close any open accounts and am working with 19 creditors. So far 17 have backed off. The remaining two are a credit card and a checking account that went into a negative balance. I did also file a police report for ID Theft but they are not investigating because they say it's too hard to prove. Unfortunately Mom is now penniless and because of the transfers to money into a relative's account she is prohibited from getting MedicAid (5 yr look back policy).
Helpful Answer (0)
Report

I wish I could say that your situation is unusual, unfortunately, in this forum, it is all to familiar.

Read the link in my post above...it is a lot of work to protect parent's assets, but less work than having to take a family member to court.

Immediately check bank accounts and credit reports. Place a "freeze" on the credit report. That way, no one can take out a loan, credit card, etc., in your Mom's name without notifying her first.

If this behavior continues, notify the elder protection agency in your area for advice.

You really do need to act swiftly and without remorse or there will be nothing left for your Mom's care.

PS: if the old POA had already been revoked why didn't your family contest the loan to the bondsman?
Helpful Answer (0)
Report

Here's an example for you - after Mom moved in with us (and her house was still up for sale), he got arrested and couldn't afford his $9000 bond, so he got a "collateral loan" with the bond company, putting his mom's house up as the collateral. He gave a copy of his old POA to the bond company and they accepted it. Of course he didn't pay back the loan and the bond company got part of the proceeds from the sale of Mom's house. He has been told several times his POA is revoked but that doesn't stop him. It's like following a walking disaster, cleaning up the messes he creates.
Helpful Answer (0)
Report

What do you mean to his "own benefit?" Is this relative taking funds from your parent's accounts? If so, contact an attorney and have them send the relative a letter that makes him/her aware that you have a new POA that supercedes the old one and they are not to access accounts, assets, personal information, or make medical decisions for your parent. Then I would check bank accounts and credit reports for any irregularities. Let the banks know that the former relative's POA has been revoked and remove their signature card. Report any theft of funds, etc.
Here is another post you may want to take a look at: https://www.agingcare.com/Message-Boards/145578/If-your-sibs-are-helping-themselves-to-your-parents-assets.htm

Good luck
Helpful Answer (0)
Report

This question has been closed for answers. Ask a New Question.