MMD: Can I keep grandma's cashback?

Pollycat

All MMDs say the following:

Unfortunately the MSE team can't always answer money moral dilemma questions as contributions are often emailed in or suggested in person. They are intended to be enjoyed as a point of debate and discussed at face value.

However, I would have thought that MSE staff would have thought twice about publishing this particular 'MMD' (and said 'no way are we going to put this out there').

How can anyone 'enjoy' the thought of someone taking advantage of their own Grandmother?

John_Gray

Next week's 'dilemma':
"My grandma is very old, is often in pain, and has lots of money.
Is it OK for me to change her will so that I will inherit it all, and to put an end to all her misery so that I will get it more quickly?"

jflmutley

surely you should discuss this with the lady
I am sure she would share or even give it to you for your help if you need it
if you don't need it does she?
just don't do it behind her back

crmism

You should not have done anything of the sort.

Instead, you should have got your grand-mother to appoint you as her Attorney and dealt with every aspect of her finances in her name, not yours. If you were to die or, for some other reason were incapable of operating the account, your grand-mother would be denied all access to money that is legally hers and have no means whatever of recovering it.

As to profiting from cashbacks that are not yours, what kind of person are you? Your duty is to make your grand-mother's money work for her, not use it for your personal benefit.:mad:

Pollycat

crmism wrote: »

You should not have done anything of the sort.

Instead, you should have got your grand-mother to appoint you as her Attorney and dealt with every aspect of her financesin her name, not yours. If you were to die or, for some other reason were incapable of operating the account, your grand-mother would be denied all access to money that is legally hers and have no means whatever of recovering it.

As to profiting from cashbacks that are not yours, what kind of person are you? Your duty is to make your grand-mother's money work for her, not use it for your personal benefit.:mad:

I wonder if Power of Attorney would be a good idea (from the Grandmother's perspective) if the originator of the MMD seems to think it's OK to keep cashback generated by the Grandmother's own money.
For example, what could they do with the rest of the Grandmother's assets with full control over her finances...

But I guess at least there is an official body (Office of the Public Guardian) where someone who is is concerned about the way an 'attorney' is acting can report them to.

I really do wonder if there is anyone other than this grandchild to keep an eye on this lady's welfare and financial interests.

happyinflorida

I cannot believe you are even asking this.

The person involved is your grandmother - don't you think you'd be stealing from her if you kept this money?

Technically it's her money as you are using her money for a bank a/c.

It's nice of you to do this for her but I don't think you should be paid for it and if your grandmother suggests you keep the money as a thank you, then you're lucky but you cannot ask this to us.

You need to tell her about this money and how you've got it, fully explain it all to her and ask her what she wants to do with the money, do not suggest she gives it to you either.

Personally I'm wondering if you're the best person to be looking after her money if you are asking this question.

Hirdygirdy1

No, no, no, no and no again! I can’t believe you even have to ask.

LizzieFlorence

NO.It's not yours.

jorok

Absolutely not. It's cash-back on HER money.

onlyroz

Stealing from Granny. Nice.