Putting relative's money into a trust

patanne

Have you had a word with the care home manager. It is their job to look after your gran & her interests day to day. It is not in her interests to be upset by visitors trying to get money out of her. Some care homes are quite good at knowing who to let get on with a visit & who needs to be "hovered" over. I agree that as you have POA there is no need for a trust. You have the right (or actually the responsibility) to say no to them.

mumps

margaretclare wrote: »

Very reprehensible behaviour on the part of these 'relatives'. Unethical in the extreme. It's a bit like those thieves who deliberately target older people in all sorts of ways knowing that they won't have the energy to say 'on yer bike'. It certainly amounts to 'elder abuse'.

Money certainly brings out the inner monster in some people. It is hard to believe they have so little shame.

xylophone

I was reading this morning of a case where a father (against advice), yielded to his son's pressure to access the whole of his pension pot to "help son onto the property ladder" - apparently father drew down the lot and has ended up with no pension savings and a huge tax bill...

le_loup

........ a son (with wife, child and dog) who was living with his parents and making no contribution to the household!
Why do parents allow this?

shortcrust

patanne wrote: »

Have you had a word with the care home manager. It is their job to look after your gran & her interests day to day. It is not in her interests to be upset by visitors trying to get money out of her. Some care homes are quite good at knowing who to let get on with a visit & who needs to be "hovered" over. I agree that as you have POA there is no need for a trust. You have the right (or actually the responsibility) to say no to them.

The home are great, but the contact is by phone and they're close relatives. There's nothing I can do to stop it. Reasons and excuse are planned carefully to be almost impossible to say no to without saying that you don't believe them. I know that it's all lies and/or exaggerations and my gran suspects as much, but she doesn't want the upset that would come with any confrontation.

I've had this all out with main culprit and it stopped for a while. Now it's started again with a bogus health scare with a loss of earnings and a rent crisis. "I know I've lied before, but I wouldn't lie about something like this..." Hmmm.

xylophone

Why do parents allow this?

And if he is left with only his state pension and the state pension is under the pension credit level?

https://www.accountancylive.com/dwp-warns-pension-freedoms-and-means-tested-welfare