My separated spouse has an account with approx $25K. My name is not on account, no POD, nothing. I've been trying to talk him into adding a POD or signing over, anything to avoid probate. Oh yeah, he won't sign a will.
So now he has starting to spend large amounts on things that he will never use, never wanted and nobody will ever need. We are on the line for the private pay care, approx $11k per month and he can't comprehend why he has to pay any part of this. It just amazes me.
By the way, no dementia, nothing. Any advice?
Do you live in a community property state?
I'm just annoyed he doesn't understand the need for a will. I have everything else in my name only so I guess I won't worry about his account.
You don't give us much to go on, so all we can do is speculate. What is he dying from, and who is taking care of him while he's under hospice care? Is he at home or in a facility? Hospice is covered 100% under your estranged husbands Medicare, so at least you don't have to worry about that expense.
And even if you were his POA, you wouldn't be able to enact it anyway if he is still of sound mind. So I'm not sure you have any recourse at this stage of the game.
It's just this checking account that he has total control over and doesn't seem to understand the implications of probate. It's probably just my problem.