No money left in family account

[Tara]

I am a 76 year old woman .retired and living in a retirement community. I sold my house and was left 401k from my brother. Now the money n that family account is all used up. I have only been here for about a year. I have a power of attorney lady . But she is hard to reach. Says she will call and then she does not. So she has not kept up with that account. The rent was raised to 3,000 dollars. She has a handicapped husband and works at home. I told her the rent was raised. I do have a partial grant here.
I cannot even email her. I called her and told her there was no money left. She says she will come and we will figure it out but I cannot depend on that. She gets sick sometimes.

Will I be billed and have to pay it back? It is taken out automatically every month. Should I tell the finance lady here ? I live on social security?

 

[Disgustedman]

I'd suggest talking with their financial office, and also talking with the housing authority of the county you're living in. They know the rules better than anyone here.

 

[RadishRose]

You may well need an attorney.

How did this woman get power of attorney?

How did you not know the money would run out when it did?

 

[Knight]

Any reason you would not know what was in the account? Trust but verify is usually how money matters are handled is there a reason why you trusted a lady that has a power of attorney that has not kept up with that account?

When you inherited that 401k were you told how & when distributions would be made, or did you trust someone else to manage that?

"The rent was raised to 3,000 dollars." "Will I be billed and have to pay it back?" Living rent free is what the illegal migrants are experiencing. Very doubtful you will enjoy the same. I hope you aren't evicted & your financial situation improves otherwise living on only Soc. Sec. is going to be difficult.

 

[Right Now]

I have read your posts of a year ago for some background on your situation.

This woman who is your power of attorney offered to take you to a lawyer, and you stated she said he would need you to take some kind of competency test before he would take your case. This should have been a red flag for you.

You should immediately speak with a neutral person in your retirement place who can guide you to speak with a county office representative about your state of affairs. Obviously, the lady you appointed as POA doesnt have your best interests at heart. I don't know how you were persuaded to sign paperwork without an attorney, but something doesn't begin to add up.
Please go to some county agency as soon as possible to get the professional help you need. These agencies won't charge you. Even Social Services should be informed of your situation.

Good luck, and don't give in to your lady friend. Get help yourself.

 

[C50]

You need to find a senior advocate to help you. I don't quite understand what this "power of attorney lady" role is supposed to be but obviously she is NOT working to your benefit.

You live in a retirement community so start there. They may have a director of services or an on site senior advocate that can help you. If not speak with other seniors in your community, get some referrals and find some help. Maybe the county has senior services that can steer you in the right direction.

Please don't delay this.

 

[Liberty]

What state are you in. Laws can vary from state to state. For instance, a friend in Ohio got her mother into a very nice nursing home, paid for it for a few months and then got her signed up on Medicaid which permitted her to continue to stay there. You many need someone to help you in your state if you qualify for nursing home services or perhaps find a non profit assisted living facility for you. Be sure to do as advised on this forum - check with your current facility first to see what would be required of you in the event you cannot pay your rent.

Here is information on state agencies- enter your zipcode for local information:
https://eldercare.acl.gov/Public/About/Aging_Network/SUA.aspx

 

[OneEyedDiva]

I have read your posts of a year ago for some background on your situation.

This woman who is your power of attorney offered to take you to a lawyer, and you stated she said he would need you to take some kind of competency test before he would take your case. This should have been a red flag for you.

You should immediately speak with a neutral person in your retirement place who can guide you to speak with a county office representative about your state of affairs. Obviously, the lady you appointed as POA doesnt have your best interests at heart. I don't know how you were persuaded to sign paperwork without an attorney, but something doesn't begin to add up.
Please go to some county agency as soon as possible to get the professional help you need. These agencies won't charge you. Even Social Services should be informed of your situation.

Good luck, and don't give in to your lady friend. Get help yourself.

I'm confused. You say you read Tara's posts from a year ago, yet she's listed as a new member. Of course, I know you have nothing to do with how she's classified Right Now.
Re the OP: I cannot offer any better suggestions than have already been posted here. But I do hope you can get your situation resolved soon. If money was stolen from your account, hopefully you can get restitution somehow.

 

[Jules]

I'm confused. You say you read Tara's posts from a year ago, yet she's listed as a new member. Of course, I know you have nothing to do with how she's classified Right Now.

Tara is still a New Member because she hasn’t posted much. It was a year or so that she joined and wrote about her family problems.

 

[OneEyedDiva]

Tara is still a New Member because she hasn’t posted much. It was a year or so that she joined and wrote about her family problems.

Thank you Jules.

 

[Right Now]

I'm confused. You say you read Tara's posts from a year ago, yet she's listed as a new member. Of course, I know you have nothing to do with how she's classified Right Now.
Re the OP: I cannot offer any better suggestions than have already been posted here. But I do hope you can get your situation resolved soon. If money was stolen from your account, hopefully you can get restitution somehow.

I wondered about her and where she was from, so I clicked on her profile page, and read some of her previous posts. I often access our members' profile for this reason. Often times, it explains their take on different topics.

 

[OneEyedDiva]

I wondered about her and where she was from, so I clicked on her profile page, and read some of her previous posts. I often access our members' profile for this reason. Often times, it explains their take on different topics.

I was confused about her classification here, not how you found the other post(s). Jules cleared that up for me in reply #9.

 

[Skyking]

I have read your posts of a year ago for some background on your situation.

This woman who is your power of attorney offered to take you to a lawyer, and you stated she said he would need you to take some kind of competency test before he would take your case. This should have been a red flag for you.

You should immediately speak with a neutral person in your retirement place who can guide you to speak with a county office representative about your state of affairs. Obviously, the lady you appointed as POA doesnt have your best interests at heart. I don't know how you were persuaded to sign paperwork without an attorney, but something doesn't begin to add up.
Please go to some county agency as soon as possible to get the professional help you need. These agencies won't charge you. Even Social Services should be informed of your situation.

Good luck, and don't give in to your lady friend. Get help yourself.

Your advice is good, but stating that "obviously", the POA does not have your best interests at heart, is a big statement. The gentleman could be confused. He sure sounds it. As a licensed facility administrator, I saw a world of confusion and senior paranoia. Nothing was ever obvious and there was always much more to every story.

 

[Victoria]

I wondered about her and where she was from, so I clicked on her profile page, and read some of her previous posts. I often access our members' profile for this reason. Often times, it explains their take on different topics.

Oooh I see. When I first read your post about her posting last year I was thinking wow you have a good memory! I didn't realize you could read posts like that, good idea.