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We do have full access to his cash and brokerage accounts. My brother and I (the co-DPOAs) were added to their accounts when my parents were still deemed competent.
We do plan on retaining a local probate attorney. We were using my parents estate lawyer, but he has retired.
The question I have is this: When my dad passes, will the executor (who is the current DPOA and managing the house repairs) be able to continue using estate assets to repair estate...
What is the name of your state? Colorado
My brother and I are DPOA for my father who is in memory care with severe dementia. Mom passed away 2 years ago. My brother is also executor of my dad's will. We have access to his brokerage and cash accounts to pay his bills and medical expenses not...
Thank you for this good advise. We are working closely with the doctors and looking into all levels of in-home care. And we’re setting up a life alert system.
Yes. They can afford in-home care, and that may be the solution. We’ve tried that in the past and my parents think of it as maid service and have not wanted the intrusion. Things are different now and home care may be worth another try.
What is the name of your state? I’m in Indiana. Parents are in Colorado
Mom (86) is very frail and just returned from rehab after a fall with a broken rib and pelvis. Dad (91) is diagnosed with moderate to severe dementia. Dad needs to be in memory care and mom needs to be in assisted living...
Okay..Sorry about that. I didn't see the question at first. My answer is no. They should NOT be allowed to spend their own money as they choose because they are not competent to make sound decisions.
Good advice. Two of my brothers live nearby and we will look into adult guardianship.
FYI: We have all received copies of our parents will, so my assertion about inheritance is not presumptuous.
My state is Indiana.
My elderly parents live in Colorado. I am one of 6 siblings who will inherit equal shares of their estate after they pass away.
One of my brothers recently relapsed into heroin addiction and has been regularly asking my parents for money. They have given him over $400,000...
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