I take care of my 95 year old mother and her finances. I have been extremely careful down to the penny. She lives with me and I pretty much pay for everything. I want to keep myself above reproach. I keep good records of what I spend on her so when the time comes I have a complete account. So when the time for inheritance comes along there are no questions or challenges.
God bless you. Its a lot of work isnt it.
That is wonderful of you.
As I said to my wife, you would be surprised how family family member will gut a senior’s checking account if they can. Her aunt is a millionaire in NYC and the vultures (grand children) are circling trying to get control. And yes, they are all Democrats.
I took care of my Mother until she passed. My brother tried to “borrow” $100k from her, she said to talk to me. I flat out said no.
So what family allegiance do bankers have? None and if they think no one is watching, they will rob you blind.
I did the same for my Dad.
He was on Medicare and Medicaid, thanks to my persistence and the people from the ADRC (Aging and Disability Resource Center).
I recommend them HIGHLY to anyone that will listen, when they’re trying to help their parents in their later years.