''The house is filthy and odorous’: My mom, 89, is a hoarder. My brother, 60, siphons money from her. How do I protect myself?' The Moneyist has some advice:
My mom has more wealth than she can imagine, but she still thinks she doesn’t have enough money to live on. She is 89 and a hoarder. I don’t visit her often, because it reminds me of the way I grew up. The house is filthy and odorous with insects and pests. We could have spent and invested the money to live a prosperous life.
I heard a lot of these cases, but have never seen anyone getting prosecuted. Mom previously contacted Adult Protective Services; the social worker said she could spend some money to improve her life, but she did not. He knows that I know what he is doing, and he does everything to avoid me. I have consulted with an attorney; his advice was to wait until Mom is incapacitated and then file for conservatorship. At that point, he said, we can then put everything out in the open.
What do I need to do to protect myself and not let my brother take over the family fortune, and how do I claw back what he has stolen? I know I could not have him justify his assets. He could have Mom sign documents to transfer assets to him. This will all come out when the time comes. First off, your mother needs to honor the terms of your family’s trust, as stipulated by your father. The executor of your father’s will should be able to provide an update on the current status of your father’s estate and trust. He or she will be able to set your mind at ease as to whether your mother broke the rules of that trust.I disagree with one part of your letter. I don’t believe anyone is “entitled” to an inheritance. A person is free to do with their money whatever they choose.
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