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You can never be too careful when it comes to looking out for your elderly family members and friends.
Because, sadly, there are all kinds of creeps out there who are eager to take advantage of older folks who have some money in the bank.
In today’s story, a man is concerned that his grandmother might be in some trouble…because of another family member.
Check out his story and see what you think.
Am I Overreacting for thinking my grandmother’s Power Of Attorney may be setting himself up to inherit assets outside her WILL ?
“My grandmother (80F) recently had a stroke.
She’s still living alone but she’s vulnerable, dependent on others for transportation and support, and trying to navigate major health issues with her brother having Power of Attorney.
My grandfather passed away years ago.
Their WILL was simple: the surviving spouse would use the existing assets during their lifetime but after the last spouse passed away…the remaining assets would be divided equally among their children.
Us grandchildren, including me, are not mentioned in the WILL but our parents (their children) are said to be given equal quarters of the remaining assets/properties/etc.
It’s all pretty clear…
My grandparents did not include THEIR siblings in the WILL at all…and both have several. So her brother/POA is not in the WILL
What concerns me is that I recently learned my grandmother *previously* moved her monthly checks/money out of her primary account and into an “savings” account “with her brother” (to help make money as it sits) and funds are pulls to her primary when needed BY HER BROTHER, who is also her power of attorney.
Am I overreacting?
I understand there are legitimate reasons for doing this…so he can help her manage her bills. But I also know that a joint account can sometimes pass directly to the surviving account holder, sooooo…?
He’s pretty suspicious about this.
I really don’t know if HER savings is an actual joint account with her brother but… I have a gut feeling and feel like I am thinking the worst of my Great Uncle!!
At the same time, her brother has had significant control and managed her finances “because he is the last man in HER family”. She needs a “Man” to manage her lifestyle. He is her POA, he’s the ONLY remaining family member living in the same town AS SHE IS.
But he’s openly expressed frustration and exhaustion with the responsibility of taking care of her as he won’t “inherit” anything for his troubles.
My aunts helps manage grocery deliveries and are available to take appointment calls and manage transportation IF her brother (POA) can’t make it.
But am I overreacting that this financial situation is taking advantage of my grandma? I don’t want to cry “wolf” on this because he is the only family member still living in town and her POA…what can I do?
Am I overreacting with no real evidence?”
Reddit users shared their thoughts.
This person weighed in.
Another individual spoke up.
This Reddit user shared their thoughts.
Another person weighed in.
If you enjoyed this story, check out this post about a friend who is upset they missed out on cheap festival passes due to her pal’s indecision.
And this individual asked a good question.
Well, he has a right to be concerned.
But it sounds like he needs to have a serious talk with this guy to see what his intentions are.
You can never be too careful!
He has some serious concerns about what’s going on here…
