Hi everyone?
Looking for some guidance, my Mum has had an alzheimers diagnosis around 2 months ago (delayed by 2 years thanks to Covid-19). She is 67 and still working part time (though this is likely to stop due to safety concerns from her employer). She's had symptoms for 6 years but in the last 3 things have got increasingly, steadily worse, she now has hardly any short term memory, cannot undertake processes well or in some cases at all and is both in complete denial and apathetic.
She now cannot use her online banking app or seem cope with managing her finances. I've always helped and given advice in an informal capacity as I have worked and qualified as a financial advisor for 20 years. She is happy for me to use rhe app with her oversight and I'm always careful to document payments clearly but will I be able to get a POA? She has not lost mental capacity and understands about the POA but I'm concerned my brother (who owes her over £25k) will challenge any POA because he considers my involvement threatening as I will be taking steps to recover her money. Would he have a case at all?
My Mum will not press for the funds to be returned even though they were always a loan but we will desperately need them as she has very little funds left except the house. If we need any kind of care we would not be able to afford it. I know he has also run up over £10k of credit card debt when he borrowed her card and has never repaid a penny. I'm at my wits end, I don't want to go to the Police as that feels extreme and I know it will upset my Mum but I feel he is now trying to use her diagnosis to somehow write off his debt to her. I can evidence all the money gone to him from 3-6 years he has been taking.
Looking for some guidance, my Mum has had an alzheimers diagnosis around 2 months ago (delayed by 2 years thanks to Covid-19). She is 67 and still working part time (though this is likely to stop due to safety concerns from her employer). She's had symptoms for 6 years but in the last 3 things have got increasingly, steadily worse, she now has hardly any short term memory, cannot undertake processes well or in some cases at all and is both in complete denial and apathetic.
She now cannot use her online banking app or seem cope with managing her finances. I've always helped and given advice in an informal capacity as I have worked and qualified as a financial advisor for 20 years. She is happy for me to use rhe app with her oversight and I'm always careful to document payments clearly but will I be able to get a POA? She has not lost mental capacity and understands about the POA but I'm concerned my brother (who owes her over £25k) will challenge any POA because he considers my involvement threatening as I will be taking steps to recover her money. Would he have a case at all?
My Mum will not press for the funds to be returned even though they were always a loan but we will desperately need them as she has very little funds left except the house. If we need any kind of care we would not be able to afford it. I know he has also run up over £10k of credit card debt when he borrowed her card and has never repaid a penny. I'm at my wits end, I don't want to go to the Police as that feels extreme and I know it will upset my Mum but I feel he is now trying to use her diagnosis to somehow write off his debt to her. I can evidence all the money gone to him from 3-6 years he has been taking.