2 Years ago my husband's sister had Mom take out a home equity loan with a 50,000 line of credit, of which they immediately took 30,000. We found out @ the $$ and basically FORCED her and her husband to sign a promissory note for the 30k. That very day they transferred ANOTHER 10k to themselves. In the ensuing 2 years they have made 3 maybe 4 payments, amounting to about 10% of the INTEREST and none of the principle. They also attempted to 'kidnap' Mom and move her in with them, had her sign power of atty etc., We have her back home, took her to a lawyer and revoked the P of A, but yes I want them to pay back the $$ and YES they should be prosecuted for their actions. FinanciAL ABUSE OF THE ELDERLY IS A GROWING PROBLEM AND THERE ARE NO LAWS IN NYS OR NJ THAT I KNOW OF TO MAKE THEM PAY. Now I am her primary caregiver and my life suffers, meanwhile these people have the 40,000 they are not paying it back and I take care Mom, while her daughter sits by the pool. How vcan we force them to pay back the $$ and return the jewelry they also coerced Mom into giving them.
Hi,
That sounds like a very awful situation. It may require yet another court visit to show that they took the money without Mom's understanding. Let us know how you're doing!
Oh boy. I'm so sorry to hear that your family members have taken advantage of your mother. How sad for you and how pathetic of them. Can you talk to the bank that holds the line of credit about who is financially responsible? Can you explain the situation to them and seek advice? You may also want to talk to someone at your local police department or a lawyer about your rights for recovering that money and jewelry. As if caring for a parent isn't difficult enough that you need to deal with a family conflict of this caliber! ARGH!
Please keep us updated. I'll be thinking about you.
Mom is unwilling to prosecute her daughter. The will was changed so the amount of loan and interest will be deducted from sissy's "share" ... whatever ... legislation is needed so people can be punished for actions like this. The saddest thing is that Mom misses the daughter and has had only 2 phone calls maybe 3 in the 9 months she is home. And harder still is how Mom is affected by these calls, and how hard she is to manage after getting one.
Oh, wow. I'm sorry! The emotional burden on your poor mom is so unfair and unnecessary! Maybe she'll change her mind eventually, but I think I can understand not wanting to think of your child in that way. :(
If the will now deducts their "loan" and interest, at least they won't benefit from the theft-Thank your stars-So many people get away with it. Write your State legislators.
I also understand about those phone calls...I don't understand why some family members are just plain evil...
Mom passed away 2 weeks ago last Thursday, at home, in relative comfort, and with dignity. The will has yet to be read. I will keep you posted. Thanks for all the kind people on this site.
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