Nonniev, I agree with what Tothill had written... time for you to use the Power of Attorney as your Dad is mismanaging his money. You need to be in charge of his checkbook and his bills. Hope he doesn't put up a fight. Any money left over, give Dad an allowance and the rest go into savings.
Just curious, why is Dad sending this women money? How did he meet her? Is she charming money out of him? Or does he owe her money?
I would also worry about later down the road when Dad needs more care, and he will, that's a given. Medicaid [which is different from Medicare] will see that Dad could been gifting money to this woman, and that will cause Dad to be self-pay for a short time if he moves into a nursing home.
Unfortunately, the "gifting" thing with Medicaid may be too complex for Dad to understand. And like most elders, they don't think that far ahead when it is time to leave their home and go to senior living, if there isn't anyone able to care for them. A senior caring for a much older senior can be extremely exhausting.
In your profile you say bills are not being paid, whose bills? If you have POA for Dad why are you not paying his bills with his money?
Has he had a neurological assessment?
If your POA allows:
Open a new bank account and have his pensions go into it
Pay his bills, keeping detailed records.
Transfer what is left over into his original account for his spending money.
But first, you need to talk to the lawyer who set up the POA and find out what you need to do about the 5 year lookback. Dad may have created a situation in which he is not eligible for Medicaid in the future.
POAs usually only come into effect if the person is found incompetent. If her father is of sound mind, she has no authority to do what you have suggested. You can't call SS and his pension holder and say you want to change his acct info. I don't think SS excepts POAs. Pension plans will want to see the POA and probably proof of incompetence before they make changes.
Just curious, why is Dad sending this women money? How did he meet her? Is she charming money out of him? Or does he owe her money?
I would also worry about later down the road when Dad needs more care, and he will, that's a given. Medicaid [which is different from Medicare] will see that Dad could been gifting money to this woman, and that will cause Dad to be self-pay for a short time if he moves into a nursing home.
Unfortunately, the "gifting" thing with Medicaid may be too complex for Dad to understand. And like most elders, they don't think that far ahead when it is time to leave their home and go to senior living, if there isn't anyone able to care for them. A senior caring for a much older senior can be extremely exhausting.
Has he had a neurological assessment?
If your POA allows:
Open a new bank account and have his pensions go into it
Pay his bills, keeping detailed records.
Transfer what is left over into his original account for his spending money.
But first, you need to talk to the lawyer who set up the POA and find out what you need to do about the 5 year lookback. Dad may have created a situation in which he is not eligible for Medicaid in the future.