Original source: https://moneywise.com/managing-money/retirement-planning/my-mom-has-dementia-and-no-power-of-attorney-now-her-8k-a-month-care-is-draining-our-savings-what-can-we-do

This article addresses the legal and financial crises that arise when an aging parent develops dementia without establishing a power of attorney. Through a case study, the text illustrates how families can become locked out of a loved one's accounts just as expensive long-term care becomes necessary. Without prior authorization, relatives are often forced to pursue a court-ordered conservatorship, a process that is both legally complex and  ...