Do you have a stubborn aging parent? Are you worried that he or she is doing unsafe or just plain dumb things? You’re not alone. Here at AgingParents.com, we see this scenario often, and it’s frequently about control over the family finances.
Here’s an example, based on a real case with some elements altered for privacy’s sake.
The matriarch, age 85, decides to move to a high end assisted living facility, due to her physical difficulties. She has lived in her elegant home for 60 years and it is, of course, much more valuable than when she and her husband, now deceased, bought it. Her financial advisor tells her absolutely don’t sell the home! The tax hit will be hundreds of thousands of dollars. You can rent it out and see how the assisted living works out for you. Wait a while to see how things go, but do not sell it now. It was appropriate advice.
Impulsively, she sells, regardless of the advice. Her adult sons are shocked. Their mom is not making rational financial decisions and this is one of them. This costly mistake will affect them eventually in the form of a reduced inheritance. Not only that, their stubborn mother also impulsively decides she doesn’t want to live in assisted living anymore now and she is going to build a new house. She can’t even manage her daily life very well but she wants to enter into a construction project. Her sons beg her not to do it. She ignores their pleas and goes right ahead. The new house is built. She moves in and can’t remember how to turn on the heat or the dishwasher. And she doesn’t think she needs help at home. Is this a nightmare for her adult children? Absolutely.
What can they do? Their mother sounds pretty good when she talks to anyone but her short term memory is very poor. Obviously, she is not making safe decisions about finances or much else lately. The sons are both named as successor trustees on their mom’s trust. That means they have the right to take over financial management when their mother either resigns from being trustee or when she is removed. Her sons don’t want to get her enraged with them, lest she disinherit them. This is a real dilemma and it’s not unique to the parties in this case. What can they do?
Options for families facing this problem
Unfortunately there are not many choices for the adult children with a relentlessly stubborn aging parent making terrible decisions. What they should try first is to persuade their mother to resign from the trust, letting the appointed person(s) assume responsibility. This takes careful planning and a strategy to appeal to mom’s need to feel in control. We have seen persuasion work at AgingParents.com and the patriarch or matriarch will sometimes agree. If the first effort does not work, sometimes repeated attempts do.
And sometimes the unreasonable elder flatly refuses to give up being the trustee, no matter who asks. Then, one must have the family trust carefully reviewed by a competent attorney to see what it says about removing the trustee. Often it requires a doctor’s letter verifying that the elder no longer has the capacity to safely manage finances independently. Getting such a letter can be very difficult. Sometimes the elder refuses to see a doctor. Sometimes the doctor who is approached refuses to get involved in the question of capacity. But the requirement to get a doctor to verify incapacity is, unfortunately, the way most trusts are drafted. The idea that every doctor really knows the patient and would be able to say something cogent about capacity is a concept that is outdated at best and dangerous at worst. Many trusts even require two doctor’s letters, doubling the heavy burden on worried families. Trusts can be amended before trouble happens! Take a look at your parents’ trust and see what you would need if things got this bad.
Some families do nothing and wait until the next crisis comes. That can be disastrous, given that the family wealth can be stolen by thieves, ever on the lookout for people like the matriarch in this case: wealthy, elderly, poor memory, stubborn and impulsive.
Some families eventually succeed by repeated efforts to get the aging parent to resign. They call in allies and friends. They use every clever means they can contemplate. They use experts to keep persuading. Sometimes, over time, the aging parent finally gives in.
The Risk of Doing Nothing
And some families choose doing nothing out of fear of the wrath of the elder. Then, after some dire financial or physical consequence, the elder is decimated. Finally, he or she is too disabled to act and a doctor will ultimately say the patient is incapacitated. By then, major financial loss may have happened, the elder may have had an overwhelming medical emergency or other bad outcome of waiting.
As a last resort, some families choose guardianship. In this choice, the court appoints someone, typically a family member, to take legal control of finances, the person’s safety or both. There is a significant financial and emotional consequence to this, but it solves the problem of aging parents making such dangerous financial choices that they can run out of money, or badly neglect themselves to the point authorities get called in. If you consider this prospect, consult an attorney who is very experienced in handling guardianship cases. You can learn the pros and cons and get an opinion as to your chances of success.
At AgingParents.com, I always advocate for persuasion first. I have seen it work in many instances even with the most stubborn people. In any case, waiting and hoping the situation won’t get worse is not a strategy. A strategy is what you need if you see yourself in this story.
When your stubborn aging loved one is driving you nuts and you don’t know what to do or say to them, get a caring strategy at AgingParents.com. Our nurse-lawyer, psychologist team is ready to work with you on reducing your stress. Call for an appointment today, 866-962-4464.
Carolyn Rosenblatt, RN, Attorney, AgingParents.com