On 2021-01-31 11:26 a.m., Taxed and Spent wrote:
> On 1/31/2021 8:12 AM, Dave Smith wrote:

>>
>> My bipolar cousin blew her inheritance too. I had been Power of Attorney
>> for her mother... because cousin was not competent. My older brother was
>> the executor. We tried to talk her into letting us set up a trust fund
>> that we could use to buy her a house and things she needed. She could
>> have rented rooms to students. Nope. She wanted the money ASAP. As soon
>> as she got it she bought a car and a non winterized cabin a couple
>> hundred miles north.
>>
>> She ended up blowing all the money and losing the house. Now she is back
>> in the city and living on welfare. It's a damned shame. She had
>> inherited a lot of money and she blew it all.
>>
>
>
> If the cousin was not competent, legally, sounds like you and your
> brother blew it.

It may sound like that to you but we tried. As I pointed out, I was my
aunt's PoA, not my cousins, and my brother was executor of our aunt's
estate. She had a (half) brother who was a closer relationship to her
than we were... not that she would listen to him.


She was a pain in the ass to deal with. When my father had the PoA the
cousin tried to get him to buy her a car so that she could visit her
mother. Mother and daughter were both in Toronto, which has a great
public transit system, but she only went to visit her mother once or
twice year. When Dad refused she sicced a lawyer on him. the lawyer
got a reply that apparently scared her off pursing that threat. After
my father died she tried the same stunt on me. After her mother had the
stroke another stroke and death was just a matter of time, cousin called
me to come and sign her out of the hospital so her mother could "die at
home". There was no home, Her mother had been in the dementia wing of a
long term care home for years. Cousin rented a room in a house somewhere.


We tried out best. My brother and I took the day off to drive into the
city to help her make the funeral arrangements and then took her out for
supper. A lot of the conversation was about letting us set up a trust
fund. Since out aunt had already died, and had never arranged for a
trust fund, we could not do it after the fact unless her daughter
agreed.... and she refused.

BTW I only had PoA for a short time. My father arranged for me to take
it over in Sept (98), He died a month later, and my aunt died less than
3 months later.