Good evening everyone. Please can anyone give me their thoughts on this situation.
I have joint and several POA for finace for my elderly relative, who is in a care home, is self funding and no longer has capacity.
I believe the time has come to sell her property.
However one of the other attorneys refuses to agree to this and would like to keep the house and rent it out to his son with a private rental agreement. The attorney insists that it would be in my relative's interest to increase her income. But she does not need any more money and I can foresee a multitude of problems, should my relative, who is 94, die in the near future, while the son and his young family are settled there as tenants. (The third attorney is not a relative and probably doesn't really want to be dragged into the argument)
I have been told that I am being ridiculous and not thinking things through properly in disagreeing with his plan. Personally, while I understand that he is seeing an opportunity to benefit his son, I am not at all sure that it is ethical or justified.
We all know how family relationships can be destroyed over this kind of thing and I don't want it for mine, but I worry about my responsibilities as POA.
I have joint and several POA for finace for my elderly relative, who is in a care home, is self funding and no longer has capacity.
I believe the time has come to sell her property.
However one of the other attorneys refuses to agree to this and would like to keep the house and rent it out to his son with a private rental agreement. The attorney insists that it would be in my relative's interest to increase her income. But she does not need any more money and I can foresee a multitude of problems, should my relative, who is 94, die in the near future, while the son and his young family are settled there as tenants. (The third attorney is not a relative and probably doesn't really want to be dragged into the argument)
I have been told that I am being ridiculous and not thinking things through properly in disagreeing with his plan. Personally, while I understand that he is seeing an opportunity to benefit his son, I am not at all sure that it is ethical or justified.
We all know how family relationships can be destroyed over this kind of thing and I don't want it for mine, but I worry about my responsibilities as POA.