Reply to Elderly Divorce for Financial Reasons

Forum Index » Family Relationships

Reply to "Elderly Divorce for Financial Reasons"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Op here. To answer your questions: The home is in her name. All these years he has contributing to expenses but apparently, not to the mortgage. I haven't spoken to him yet (as I said, he's in the hospital and sleeping a lot) but I understand that her attorney took care of the whole thing. I'd love to talk to him to see how he could do that (we are members of the same state bar). I think what he did is extremely unethical. Not to mention the judge who approved it -- I'm sure my dad wasn't even in the courtroom. But that's a whole other story.

They have had separate accounts all of these years (although my dad has always had her on his accounts). I'm sure he is not on any of her accounts. She is still beneficiary of his life insurance policy, etc. (b/c she asked me the other week for my SSN b/c she said he was updating it to make me second beneficiary). I thought it was strange at the time but in retrospect it probably had to do with the divorce. I always wondered what would happen if she dropped dead before he did -- i.e., would he be able to live in the house until he died -- one of her daughters and grandchildren live with them. But I never brought it up b/c I didn't want to butt in. Now I feel like I have to.  I did ask her if my dad still had his accounts and she said that he does (I wanted to make sure that he didn't transfer the money to her although she is smart enough to know about the lookback rules). Hopefully, in connection with the divorce he took her name off the account but he should have someone on the account to pay his bills -- he may have put her daughter on the account since she is local and I'm not. I don't know. He isn't really savvy to understand that I could do everything online for him. I'm only concerned about his money being there for him to pay for his care not for it being there for me or my siblings. We don't need his money.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics