In the last year, as a real estate investor, I’ve helped two families in a similar situation with estate owners having dementia and an evil step child taking legal control of the estate. It’s critical that, when making wills, a directive be spelled out who will be POA and what is to be done with the estate and/or trust. Ultimately, with my friends, it’s none of my business but they would rather just walk away from it all.
**...who will be POA in the case of future impairment.
“In the last year, as a real estate investor, I’ve helped two families in a similar situation with estate owners having dementia and an evil step child taking legal control of the estate. It’s critical that, when making wills, a directive be spelled out who will be POA and what is to be done with the estate and/or trust. Ultimately, with my friends, it’s none of my business but they would rather just walk away from it all.”
How about an evil not-step-child? I know of one family with 7 siblings, one of which is a mentally disabled female (agoraphobia) where one evil sibling conned the now deceased mother to put his name onto the deed of the house and make him executor of the estate with no signed will. The will never got signed with him as executor, because it didn’t say what he wanted it to say (that he gets everything). Now... he is threatening to sell the house out from under the disabled female sibling... after he has confiscated and kept ALL the money the deceased mother had in her accounts. Oh... and this probably isn’t pertinent, but the evil sibling is also GAY. Nah. No connection to the evil probably.
Bravo to you!
It is hard once you get involved and see the $hit that goes on. This happens every day, countless times.
I do my best, but it is hard not to get sucked into it. I am working on that now.