Before my father died, he wanted me to be his Power of Attorney. Unfortunately he passed away before this could be done. He gave me a copy of his will, also copy of his house Deedsfor safe keeping. I discussed this with his widow (my step mother) and I am now her POA. This was a few years ago.
Last year my younger brother died of lung cancer, and my sister in law, besides being bereft, was also extremely hard up.
Discussing this with my step mother, she agreed that I could give my sister in law 2000 pounds from her account to help with funeral expenses etc.
Step mother said that my elder brother and I were to have the same amount when needed.
My elder brother had his 2000 pounds last month, he has a disabled wife and found the money very useful.
I did not take any money for myself, as I was fortunately ok for money myself. However, my step mother is now showing signs of the beginning of dementia.
I am a bit concerned because I do not know how the law stands on taking money from someone's account if they do not fully understand. Although I know that I have had permission verbally to take money when she was fully well, not sure if I can do it with clear conscience now, even though I could now do with it!!
She has about 14,000 pounds in savings, and her little bungalow is worth about 150,000 pounds, so not sure if we will have to pay inheritance tax.
Both my father and step mother have left everything to be shared between my brothers and myself. My step mother has no family of her own.
She is 91, and I am her full time carer.
I feel as if I want someone to give me permission to take my "share", but only if it is legal. Any advice?
