Hi everyone, looking for some advice in a situation for a family friend.
Mr A is widowed and meets Ms B, and she moves into the former marital home of Mr A and his deceased wife (despite Ms B having her own place she now rents out).
Mr A, unfortunately, has dementia and after money mysteriously disappearing or being transferred to Ms B without a sound reason Mr A's daughters have gained Lasting Power of Attorney.
Mr A and Ms B have a joint account, and Ms B has regular pops at the daughters about money and attempts to spin a Web with Mr A to get them to fall out (which thankfully doesn't work). However, Ms B has shut the joint account, after moving the money in it to her own account. The account has been closed by the bank with signatures from Mr A and Ms B, without any authority from the daughters (with the POA).
2 questions really:
Firstly, has the account been closed correctly, or should the daughters have been required to sign?
Secondly, what can be done any further to help protect Mr A and his assets from Ms B?
Mr A is widowed and meets Ms B, and she moves into the former marital home of Mr A and his deceased wife (despite Ms B having her own place she now rents out).
Mr A, unfortunately, has dementia and after money mysteriously disappearing or being transferred to Ms B without a sound reason Mr A's daughters have gained Lasting Power of Attorney.
Mr A and Ms B have a joint account, and Ms B has regular pops at the daughters about money and attempts to spin a Web with Mr A to get them to fall out (which thankfully doesn't work). However, Ms B has shut the joint account, after moving the money in it to her own account. The account has been closed by the bank with signatures from Mr A and Ms B, without any authority from the daughters (with the POA).
2 questions really:
Firstly, has the account been closed correctly, or should the daughters have been required to sign?
Secondly, what can be done any further to help protect Mr A and his assets from Ms B?