Hello, I’ve posted before but now there’s a new development:
My mum has mid stage Alzheimer’s and chose to live in a care home 6 months ago where she’s very happy. I have POA financially and medically for her and have been managing her savings to pay for her care. The complication is, she still owns her own home and due to my medical conditions, I live in her home (I was her carer before she went to the home). My mum stopped working just before diagnosis due to her symptoms and her savings changed from being savings to being used to live off - under guidance of her financial advisors.
In the last year, a lot of things broke in the house and I was told by the financial advs to use my mum’s savings to pay for them (instead of my own) as she owns the house, I also had verbal permission from my mum. 2 weeks ago it seems the Compliance Dept at the finance advs saw the withdrawals as a concern and investigated. Now my mum has an Adult Safeguarding social Worker and she brought on board an Elder law solicitor to meet my mum. I’ve just discovered that my mum has instructed the solicitor to revoke both LPAs from me and put them in the solicitors’ firm’s care.
In all of this, my mum is distressed and confused - she knows I haven’t misused her savings but was told by the solicitor and social worker that signing the LPAs etc would resolve everything. They’ve obviously just done their job to look after my mum.
But throughout this, the financial advisors will not speak to me or ask me for my evidence. Should I get my own solicitor to try to investigate the advisors? Or start with complaining to them? They are a nationwide firm so I’m scared to accuse them or complain. Just to say, they are also my financial advisors for my small savings too.
Thank you
My mum has mid stage Alzheimer’s and chose to live in a care home 6 months ago where she’s very happy. I have POA financially and medically for her and have been managing her savings to pay for her care. The complication is, she still owns her own home and due to my medical conditions, I live in her home (I was her carer before she went to the home). My mum stopped working just before diagnosis due to her symptoms and her savings changed from being savings to being used to live off - under guidance of her financial advisors.
In the last year, a lot of things broke in the house and I was told by the financial advs to use my mum’s savings to pay for them (instead of my own) as she owns the house, I also had verbal permission from my mum. 2 weeks ago it seems the Compliance Dept at the finance advs saw the withdrawals as a concern and investigated. Now my mum has an Adult Safeguarding social Worker and she brought on board an Elder law solicitor to meet my mum. I’ve just discovered that my mum has instructed the solicitor to revoke both LPAs from me and put them in the solicitors’ firm’s care.
In all of this, my mum is distressed and confused - she knows I haven’t misused her savings but was told by the solicitor and social worker that signing the LPAs etc would resolve everything. They’ve obviously just done their job to look after my mum.
But throughout this, the financial advisors will not speak to me or ask me for my evidence. Should I get my own solicitor to try to investigate the advisors? Or start with complaining to them? They are a nationwide firm so I’m scared to accuse them or complain. Just to say, they are also my financial advisors for my small savings too.
Thank you