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About skimomma

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    Hive Mind Worker Bee

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  1. My deep freeze is a complete mess to look at but I do have a "system" that prevents things from going bad or getting lost forever. Aside from labeling everything with the date and contents (when the contents are obvious), my best advice is to do an annual inventory. I keep a single running document on my computer. At the middle of the summer, when my freezer is closest to empty, I take a full inventory of what is still in there. I do the same with my canned goods as well. As I can things or put them in the freezer, I add them to my running list so that some time in October, when I am done
  2. I'm with you, Quill. I am afraid for our nation. For my family. For my friends. For me. The rules no longer apply and I have zero trust in our leaders to prevent a slide into fascism.....especially since that appears to be the goal of many.
  3. Yeah. And this policy is one of the better ones, according to the financial advisor. When I told him they had such a policy, he was not hopeful that it would be very helpful. We were both pleasantly surprised. And don't feel guilty because it is almost impossible to get a decent one now or within the last 10-20 years. We only lucked out because this one was opened 30 years ago when the premiums and benefits were reasonable. I have looked into it for myself and there is no way I could afford it. There was a story about this on NPR this very morning where they said that there were 200 comp
  4. Yep. This is some of the pushback you will get despite having a POA. I have found the best course is to just be upfront with whoever you are talking to about what you are trying to do. I always explain the dementia. Sometimes they will ask me to three-way call my person to get them on the phone at the same time so they can consent. Usually, once the banker or whoever hears what is going on, they are helpful. My person always gives consent once something is explained but then they will go on a ten minute tangent about the squirrels outside their window or the Reagan administration or or o
  5. Frozen credit should prevent someone from taking out CCs. I don't know if there is a loophole with bank-issued CCs. We have not gone there. But that was exactly why the elder lawyer suggested freezing their credit.....so someone could not get their hands on some paperwork and open up CCs in their name. I could also see my person potentially taking out a store CC or something and then not paying the bill. Or worse yet, they have been threatening to buy a house! I don't think they would ever actually do that but knowing that we would have to thaw their credit before anything like that coul
  6. When/if my person needs to go on medicaid, I will have to apply for conservatorship. That is the moment when I will need to manage their SSA and therefore will need conservatorship. Right now, their SSA payments go directly to their own account and their auto pay bills come directly from that so other than periodically checking to make sure there is no unusual activity and ample funds in the account, I do nothing with it. I am a joint owner on that account and would prefer not to be for the reasons you mention. However, that account does not carry much money, it is pretty much in and
  7. Maybe. I hate to bring any bad news but I have run up against problems with my person's bank. I was a joint owner on the account (without my knowledge) going back 20+ years. I must have signed something but have zero recollection. I wanted to get OFF the account for various reasons but that was going to make it nearly impossible for me to do everything I needed to....specifically online access to the account. I needed to be able to move money into the account, make sure there was sufficient funding, verify bills were being paid, order new checks when my person needs them, etc.... My pers
  8. Well, the financial advisor can adjust withholdings (with their client's permission) based on disbursements so that their client does not owe the taxes at tax time and be subject to fees and penalties. They can also help advise clients on how/when to take disbursements in a way that is the most tax-advantageous. In our case, I work with both the advisor and tax preparer to set things to be the best for my person.
  9. This is the part I am working through right now. My person's long term care insurance (LTCI) will only last for about 4 years. They are in assisted living and have no unmanageable health issues other than dementia. After 4 years, their financial resources will run out within another 1-2 years. I am in a quandary after that. If they are still well enough to be in a assisted living, rather than a nursing home, we will have no way to pay for it. If in a nursing home, then once their money is spent down, they will have to be on medicaid. It is terrifying and I try not to think about it sinc
  10. This is such a great point. I only have one interested family member and they are not directly involved in any care for my person but are named second in all the POA documentation. They are not in a position to help at all right now, unless forced to in the event that I am no longer able to do what I do. Luckily we do trust each other and while we might do things differently we generally believe each is/would be doing the best they can. My biggest problem is that they do second guess or suggest multiple options after I have already done something. There is a lack of understanding that I j
  11. Can I get a PM too? I always get so concerned when someone disappears!
  12. Each POA, whether durable or not, will outline exactly what the holder can do. The one I have specifies that I can conduct any and all financial affairs, including taxes, for my person. I simply file and sign indicating that I am the POA. I even was able to manage the sale of property that my person did not even remember they owned on their behalf. It is true that there are additional special instructions for some things. And as I mentioned before, SSA will absolutely not allow anyone to manage someone else's SSA affairs without conservatorship or guardianship. POAs mean nothing to t
  13. I really don't know a whole lot about financial advisors but in my person's case, there is very little money involved. They have lived on and used up most of what was there at some point. But the advisor is still managing what is left. And while it is not much, my person will need it at some point (they are currently living on other income). It certainly is not enough to seriously consider a trust. In our case, the advisor has been very helpful but I am sure they are not all helpful or trustworthy so the OP should absolutely switch if the one they have is not both of those things. If
  14. I am terrible at the multi-quote thing so I will just address in order. POA rules vary by state. In my state, a POA can only be used if the person is unable to make their own decisions. A DPOA can be used when the person is capable of making their own decisions but has consented to allow someone else to act for them anyway. This is best in a transitionary situation, like dementia, where one might still be capable of doing some things for themselves but not others. Getting the OK to handle finances can be really hard, especially when dementia is involved. I am pretty certain I cou
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