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Eldercare
Reply to "Family Member Moving in as Caregiver - Exit Strategy?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Mom is no longer moving into assisted living now that my aunt is moving in with her. There is no plan for my mom running out of money. I'm trying to put that fear to the side as a very remote possibility. My mom is giving my sister the log ins for all of her credit cards and bank accounts so my sister will be able to track spending and see if anything crazy is happening. The sisters 3 years apart, my mom is older. Two apartments would probably be better for their relationship, but it isn't safe for my mom to live alone, so either someone moves in with her or she goes to assisted living. [/quote] I mean... do you trust your aunt to not drain the accounts?! That's the elephant in the room here. I don't understand why you don't have power of attorney, or don't have access to your mother's accounts as well. [/quote] Yeah, I'd be putting money in an account for aunt to use but not giving her full access to your mom's accounts.[/quote]
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