My mother-in-law is in the early/moderate stages of Alzheimer's. She lives alone and handles all her finances. Recently, however, she has been forgetting to pay her rent and her utilities. She plays catch up on the utilities but not the rent so eventually there will be repercussions. My husband and I are going to talk to her this weekend about taking over her finances completely. She is an independent stubborn woman and we are trying to figure out the best way to have this discussion without causing too big a riff. All suggestions are welcome!
When you have the POA for finances discussion it is also time to have the durable POA for health care discussion.
Some things to consider: is you husband the only child? If not, do his siblings agree it is time for this change; can he make them allies? Does his mom have a trusted friend or advisor whom can be made an ally?
Best of luck with the discussion
However, this certainly illustrates the importance of EARLY planning with POA's and being on joint checking accounts.
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