I have stepped up to the plate and found myself in weird predicament and am seeking advise. I feel the need to explain myself and current situation. Recently this year my dad was diagnosed with Alzheimer's. My father was living at his residence with my older half brother. Once my father's Neurologist told me he could no longer drive, I moved Dad in with me. Turns out my older brother was abusing him and coercing him for money (He fractured my dad's back). There was an event that happened this summer that required me to put a Full Order of Protection against said brother.
During the summer of 2020 my dad appointment me his: Trustee and Power of Attorney.
However he also wanted me be his Guardian/Conservator.
There is a slight issue with this. I was told that everything must be CHECK ONLY. My dad had a practice in town for XX years. With his business he has a business manager, let's call her Wendy. Wendy has been dealing with most of his financials. She continues to pay for his expenses. She writes the checks and he signs them.
My dad has real-estate in F.L. as well as L.A. She monitors these items and pays accordingly. I'm talking HoA fees, cable fees, taxes, insurance(car/health/auto), etc.
With us being M.O. residents I don't see how feasible its going to be to write checks for EVERY SINGLE BILL. Most items are paid online via card. I would like to continue to allow her to be a signer on my father's primary checking account of which he receives his Social Security and other annuities.
I have plans to liquidate unnecessary real-estate and using this money to pay off debts. He currently has 20k in Credit card debts and about 80k in loans. One is a heloc the other he bowered against his home.
Father likes to give his "girlfriend" in Louisiana money, about $400 a month. I am not exaggerating when I say: He hasn't seen her in 5 years. The home of which "gf" lives in is what he owes against.
Another issue is that Father likes to gives the abusive son $400 a month as well. He is currently living at my dads old residence. This home in town is about 4,000sqft. My brother is unemployed and lives there completely FREE. The utilities get ridiculous during winter/summer.
It's also going to be difficult to assess inventory at my dad's old residence considering I have a order or protection against my brother that's currently residing there.
So here are my questions. If I become guardian/conservator for my father, can I allow Wendy continue to pay for the insurance/bills/etc? I visit her frequently and she shows me everything in regards to financials. I completely trust this woman with every fiber in my being. Wendy and my dad have known each other for 30+ years and she's worked for him for 25+. Wendy knows the ins-and-outs of everything.(She's on his will)
The best thing I can think of is to make my own paper trail as transparent as possible to continue for him to make payments on these out of state items incase I get audited. Sell everything so I can eventually be on a check only basis.
So there's that question.
This is my plans for the future. Please critique me on this as well:
Evict my brother. Stopping these cash hand-outs. Liquidate all unnecessary real-estate and items. Selling old vehicles/ATVs and other equipment he no longer has the capacity to use. Getting an escrow to refurbish my dad's old residence due to the damage my brother has done and selling that home. Paying off the home in Louisiana and telling his "gf" either to sink or swim. (Why should he continue to pay for these items that he is not using himself) Either selling or give the FL condo to my sister. Prior to getting married she lived there.
The only thing I use my father's money for is food/groceries/gas. I haven't had him make a payment on any utilities AT MY HOME.
Finally, I'm 28 took a demotion at work and reduced my hours to take care of my dad. I didn't ask for any of this but here we are. What would you guys do? I'm looking forward to my empire of dirt.
Submitted November 24, 2020 at 05:20PM by Qieana https://ift.tt/2VbJZdz
