Both my mothers physician and financial advisor have advised her to get this taken care of as she now has been diagnosed with moderate to severe dementia. She is still strongly fighting it wanting to keep control of all finances even though she currently could not distinguish between $4, $400 or $4000 and I don't know how to persuade her this is best so she doesn't get taken advantage of financially.
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Q: What is the difference between durable power of attorney and regular and how do I persuade mother?
Answers (1)
8/ 6/09 10:36am
Durable power of attorney gives you basic rights to manage her finances. ie banking and bills.. does not give you full legal power of her finances..
Conservatorship you have to go through the courts and it takes some time and lawyers. It sounds like this is what you might have to do. I did. It is not as bad as it sounds.
Try giving your mom a simple test such as balancing her check book. Let her know why too. tell her that she still has control of her monies but if something ever were to happen to her you would step in as a safty messure to protect her money. It worked for my mom untill i got conservatorship.
Good luck
HUGS
Bill
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By LaNaeh Wallander— Last Modified: 11/15/10, First Published: 08/06/09
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