Dear Moneyist, My mother’s sister is using my mother’s Social Security Number to avoid having to pay the Internal Revenue Service back taxes she owes. My aunt owes the IRS a bunch of money and believes the IRS would take it if it were in her name. She is currently receiving money under my deceased mother’s Social Security Number. Also see: A letter from a reader on the poverty line: ‘I know what it means to go hungry for five days until you get your next paycheck’[1] My father was recently very sick and in the hospital, and he was not in his right mind. She somehow persuaded him to sign away power of attorney during the time he was in hospital. He thought it was 2058 and he was in jail. Obviously he had no idea what he was signing. Recommended: My mother stole my identity and racked up $500,000 in debt [2] She then took the document to a friend who signed and notarized it. Is there anything I can do to stop her from changing his beneficiaries and emptying his bank accounts? Feeling Powerless Dear Powerless, There’s a lot you can do, and you should do it as soon as possible. You cannot allow this to continue and, in order to do that, you must release yourself from any feelings associated with the consequences your aunt will face. What she’s doing is unethical and illegal. She’s stealing money from your late mother’s Social Security and, likely, from your father. She is either unwilling or unable to pay her taxes, and has no remorse about her own part in that. She has simply moved on to the next grift. Your aunt may regard this as a series of unfortunate events, and believe she is entitled to other people’s money, but this is part of a pattern that will not end until you contact your father’s bank, the Social Security Administration and the IRS to put an end to it. Enlist a family lawyer that specializes in conservatorship and estate law, and challenge her power of attorney. Petition a court to have yourself appointed instead. You need to remove this woman from your lives and your family’s finances. Imagine she is a burglar who crept into your house in the dead of night — because through forged paperwork and coercion, that’s exactly what she’s done. Don’t miss: My husband and I paid off $193,000 in debt — now he never wants to take a vacation or even socialize with friends[3] There are 1 million cases of elder abuse reported to the National Adult Protective Services Association per year, a small fraction of overall cases. Your father was not of sound mind when he signed over power of attorney. Under the law, your father must have been of sound mind and not... My aunt is stealing my dead mother’s Social Security and persuaded my hospitalized father to sign over power of attorney
- Category: Economics
Dear Moneyist, My mother’s sister is using my mother’s Social Security Number to avoid having to pay the Internal Revenue Service back taxes she owes. My aunt owes the IRS a bunch of money and believes the IRS would take it if it were in her name. She is currently receiving money under my deceased mother’s Social Security Number. Also see: A letter from a reader on the poverty line: ‘I know what it means to go hungry for five days until you get your next paycheck’[1] My father was recently very sick and in the hospital, and he was not in his right mind. She somehow persuaded him to sign away power of attorney during the time he was in hospital. He thought it was 2058 and he was in jail. Obviously he had no idea what he was signing. Recommended: My mother stole my identity and racked up $500,000 in debt [2] She then took the document to a friend who signed and notarized it. Is there anything I can do to stop her from changing his beneficiaries and emptying his bank accounts? Feeling Powerless Dear Powerless, There’s a lot you can do, and you should do it as soon as possible. You cannot allow this to continue and, in order to do that, you must release yourself from any feelings associated with the consequences your aunt will face. What she’s doing is unethical and illegal. She’s stealing money from your late mother’s Social Security and, likely, from your father. She is either unwilling or unable to pay her taxes, and has no remorse about her own part in that. She has simply moved on to the next grift. Your aunt may regard this as a series of unfortunate events, and believe she is entitled to other people’s money, but this is part of a pattern that will not end until you contact your father’s bank, the Social Security Administration and the IRS to put an end to it. Enlist a family lawyer that specializes in conservatorship and estate law, and challenge her power of attorney. Petition a court to have yourself appointed instead. You need to remove this woman from your lives and your family’s finances. Imagine she is a burglar who crept into your house in the dead of night — because through forged paperwork and coercion, that’s exactly what she’s done. Don’t miss: My husband and I paid off $193,000 in debt — now he never wants to take a vacation or even socialize with friends[3] There are 1 million cases of elder abuse reported to the National Adult Protective Services Association per year, a small fraction of overall cases. Your father was not of sound mind when he signed over power of attorney. Under the law, your father must have been of sound mind and not...