Update – Powerful Power of Attorney

It’s almost a year since I met with Daniel. He wrote me recently with a detailed update on the story about his elderly mother and scheming sister Amy.

Their late father’s estate was opened and slammed shut by the Probate Court because Amy claimed Dad had more debts than assets and he had no joint bank accounts. But Daniel says he’s got evidence to prove that Amy blatantly misused her power of attorney to channel money to herself, and that their parents had joint checking accounts for many years.

Loss

I was sorry to hear that Daniel and Amy’s mother passed away recently.

She’d signed a will and it was obvious that she had dementia after she signed. Daniel is working hard to track down the medical records to show she was afflicted much earlier and therefore was not “of sound mind” when she signed.

Daniel wants to get the Court to remove Amy as Estate Administrator and void both parents’ wills. He thinks ultimately he and his sister will split the estates 50/50 (the only asset being Mom’s small house – you remember, the one without light bulbs).

Families are complicated

The siblings have a complicated relationship, to say the least. Amy threatens to expose some alleged (unrelated) wrongdoings by Daniel if he continues to interfere. He says his recourse would be to accuse her of extortion. Yikes.

Daniel told me that his end goal is a legal victory that may help prevent financial abuse to other elderly people.

Do you know of families who are squabbling over inheritances? How can you prevent such battles?

Related posts:

Did You Give Too Much Power in your Power of Attorney?

You’re in a Coma: What are the Financial Consequences?

Wife Insurance

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