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Post by biminitwisted on May 2, 2024 16:17:17 GMT -5
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Post by 4ward on May 2, 2024 16:30:27 GMT -5
Just met with my 88y/o mom and attorney yesterday. Had to put our names on all the trust accounts so that we can keep an eye on everything.
The scams are off the charts and very very good.
Having a good bank with a good relationship is very important too.
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Post by OhMy on May 2, 2024 16:49:12 GMT -5
Just met with my 88y/o mom and attorney yesterday. Had to put our names on all the trust accounts so that we can keep an eye on everything. The scams are off the charts and very very good. Having a good bank with a good relationship is very important too. My mom is 76 and has zero access to any account. Her phone is hacked every other month and I have never had a phone hacked my entire life. A lot of scummy people live in our world. |
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Post by 4ward on May 2, 2024 17:04:42 GMT -5
Just met with my 88y/o mom and attorney yesterday. Had to put our names on all the trust accounts so that we can keep an eye on everything. The scams are off the charts and very very good. Having a good bank with a good relationship is very important too. My mom is 76 and has zero access to any account. Her phone is hacked every other month and I have never had a phone hacked my entire life. A lot of scummy people live in our world. Yeah, we already have POA and help her with transfers . We just put a small amount in her checking as needed. Signing over the whole trust can be tricky even if they love and trust you. Ornery old momma, I love her. |
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Post by swampdog on May 2, 2024 17:27:57 GMT -5
Released on $17,000 bond? No - should have been enough to pay the notifying victim back and in gold as well.
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Post by OhMy on May 2, 2024 17:52:25 GMT -5
My mom is 76 and has zero access to any account. Her phone is hacked every other month and I have never had a phone hacked my entire life. A lot of scummy people live in our world. Yeah, we already have POA and help her with transfers . We just put a small amount in her checking as needed. Signing over the whole trust can be tricky even if they love and trust you. Ornery old momma, I love her. There is no reason to sign over the whole trust just keep funding what she needs in the checking account so she doesn't have issues and you cannot lose a ton of money with scams. I am assuming you have a revokable trust and that is why you are saying it is tricky because she is ornery. Irrevocable trusts can be super tricky in the wrong hands. A lot of folks switch to irrevocable trusts if medical bills are going to be insane and the parties want to protect the trusts assets. It takes 5 years after switching to an irrevocable trust before you can get access to Medicaid. I like the idea of taking care of your own which it sounds like you are doing a fantastic job at that ! |
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Post by 4ward on May 2, 2024 17:55:39 GMT -5
Another thing we deal with daily….
Cuckoo( forgive me mom) old people are heavily influenced by other cuckoo old people.
Oh Boy, Yeah we have our hands full.
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Post by swampdog on May 2, 2024 17:56:07 GMT -5
I’d be on mom’s checking and other accounts with an alert on all transactions over a prescribed amount.
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Post by 4ward on May 2, 2024 18:14:16 GMT -5
Yeah, we already have POA and help her with transfers . We just put a small amount in her checking as needed. Signing over the whole trust can be tricky even if they love and trust you. Ornery old momma, I love her. There is no reason to sign over the whole trust just keep funding what she needs in the checking account so she doesn't have issues and you cannot lose a ton of money with scams. I am assuming you have a revokable trust and that is why you are saying it is tricky because she is ornery. Irrevocable trusts can be super tricky in the wrong hands. A lot of folks switch to irrevocable trusts if medical bills are going to be insane and the parties want to protect the trusts assets. It takes 5 years after switching to an irrevocable trust before you can get access to Medicaid. I like the idea of taking care of your own which it sounds like you are doing a fantastic job at that ! Yes revocable, we just needed full access to everything named in the trust. It was just time to do that. Luckily my siblings are not involved at all. Boy would that be a mess. We got things in order pretty good, it has been my wifes full time job for over 2 years. Fact is, we won’t stand to see much… We are just trying to do right by momma. Amazing how hard that is to believe these days. People suck |
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Post by OhMy on May 2, 2024 18:21:12 GMT -5
There is no reason to sign over the whole trust just keep funding what she needs in the checking account so she doesn't have issues and you cannot lose a ton of money with scams. I am assuming you have a revokable trust and that is why you are saying it is tricky because she is ornery. Irrevocable trusts can be super tricky in the wrong hands. A lot of folks switch to irrevocable trusts if medical bills are going to be insane and the parties want to protect the trusts assets. It takes 5 years after switching to an irrevocable trust before you can get access to Medicaid. I like the idea of taking care of your own which it sounds like you are doing a fantastic job at that ! Yes revocable, we just needed full access to everything named in the trust. It was just time to do that. Luckily my siblings are not involved at all. Boy would that be a mess. We got things in order pretty good, it has been my wifes full time job for over 2 years. Fact is, we won’t stand to see much… We are just trying to do right by momma. Amazing how hard that is to believe these days. People suck Are you the trustee? Thank God for your wife. It takes an angel to take on that responsibility. |
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Post by 4ward on May 2, 2024 18:35:28 GMT -5
I am the only trustee, distribution will be at my discretion.
And YES, my wife is an angel.
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Post by 4ward on May 2, 2024 18:40:08 GMT -5
Sorry I derailed your thread BT, topic hit close to home 🥳
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Post by richm on May 2, 2024 19:15:01 GMT -5
Im trustee and poa and medical.
Dad is doing okay, just need to help him figure out what are bills and when folks just want his money. He talk w me and sis about this stuff.
If he gets odd we’ll make arrangements do he cant hurt self.
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Post by TRTerror on May 2, 2024 20:00:00 GMT -5
I don't love or care for anybody..
I'm leaving all my Cash to an Orphanage in the Philippines.
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Post by nikonoclast on May 2, 2024 22:57:26 GMT -5
The easy answer is never answer the phone.
If it's not on your list, they can leave a message.
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