My brother tells me that he is going to file a lawsuit against Mom and I.
This is his complaint.
I was the POA for my Dad..he passed in September.
I am the POA for my Mom. She is the executor and sole inheritor.
I have been moving Moms money into various investment accounts. Mostly depositing checks from Insurance and pensions, getting into very safe investments.. I figure that even with low interest...the principal needs to be safe..there will be enough for Mom for the next 10 years.
Brother wants some of that money...he feels he should have been an inheritor. In fact, he thinks I probably influenced my Dad to change his will. (Not so...will was written in 1976).
I did everything to conclude the business of my Dad..on my mother's behalf.
Brother says..he will drain the account just paying for the legal fees...or I can just talk Mom into handing over $40,000 now.
I guess he doesn't have much money....so winning against him might result in a monetary aware for legal bills..I bet he cannot pay. How do I protect Moms finances without paying a ton to either a lawyer or brother?