There are 3 of us, myself eldest son aged 60, my younger brother aged 57 and our younger sister aged 54 ish.
Our parents are still around, mum and dad aged 90 and 91 respectively. Living in their own home for the last 60 years.
The house had money raised as a lump sump about 10 years ago with someone like Norwich Union or somebody to the tune of
about £60000 and they owe them around £120000 including the original borrowing and the house is worth around £350000
and they have savings and isas of around £43000.
My dad has always been in fairly good health and our mum as well, but recently my dad has been in a bit of a decline and our mother
has the onset of dementia.
My brother has always taken it upon himself to look after our parents affairs of monetary or health nature and our dad has always let him
do it. So he has been able in the past to move things like isas etc between accounts for him and set up this and set up that for him.
He knows the ins and outs of all their affairs and myself and my sister dont and have never dealt with any of their stuff before.
The thing is, myself and my sister dont really trust him as far as we could throw him and we dont really get on with him a there is a bit of history,
Also my sister has a police order against him for harassment (basically he was a pain in the arse towards her, bombarding her with nasty texts,also saying that he would see to it that she wouldn't see a penny of our mum and dad's money).
He is pushing for someone to be power of attorney while our dad is still compus mentus but will not share the duty with either of us of one of us can do it on our own as far as he is concerned. I personally am worried about the involvement that he has with our parents accounts and the amount of input there would be from him (welcome or not). If he had power of attorney, what safeguards could we ask for?
If i or my sister had it, how much s*** would we have to put up with from him or his legal friends?
Your help and advice would be appreciated.
Our parents are still around, mum and dad aged 90 and 91 respectively. Living in their own home for the last 60 years.
The house had money raised as a lump sump about 10 years ago with someone like Norwich Union or somebody to the tune of
about £60000 and they owe them around £120000 including the original borrowing and the house is worth around £350000
and they have savings and isas of around £43000.
My dad has always been in fairly good health and our mum as well, but recently my dad has been in a bit of a decline and our mother
has the onset of dementia.
My brother has always taken it upon himself to look after our parents affairs of monetary or health nature and our dad has always let him
do it. So he has been able in the past to move things like isas etc between accounts for him and set up this and set up that for him.
He knows the ins and outs of all their affairs and myself and my sister dont and have never dealt with any of their stuff before.
The thing is, myself and my sister dont really trust him as far as we could throw him and we dont really get on with him a there is a bit of history,
Also my sister has a police order against him for harassment (basically he was a pain in the arse towards her, bombarding her with nasty texts,also saying that he would see to it that she wouldn't see a penny of our mum and dad's money).
He is pushing for someone to be power of attorney while our dad is still compus mentus but will not share the duty with either of us of one of us can do it on our own as far as he is concerned. I personally am worried about the involvement that he has with our parents accounts and the amount of input there would be from him (welcome or not). If he had power of attorney, what safeguards could we ask for?
If i or my sister had it, how much s*** would we have to put up with from him or his legal friends?
Your help and advice would be appreciated.
Power Of Attorney Situation Arising. Your Advice Please.
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