I'm livid, I asked for funds to be able to make the monthly payments until her long term care insurance kicks in. They want to send the check directly to facility which means I have to depend on them to make the payments on a timely basis every month. Which is adding additional stress on me on top of everything else. Mom's Alzheimer's has escalated to a serious place and I need to get her in immediately. Does the investment firm have the right to deny me the funds and control over my mom's monies. I also am the sole beneficiary to all investments. Not asking for all, just a small portion to get the ball rolling. Please help, I'm at a loss.
We had to have our legal folks read the document to see what actions were allowed financially. Some documents are are drawn very broadly others could be more narrow in scope. Perhaps it is an interpretation of the document that is leading them to only want to pay to the facility. In this litigious age companies want to protect themselves.
You say you have POA.
Then you say the investment company has POA.
Which is it?
She said she has POA (she is the agent) and her mom's investment firm has a copy.