My dad is 90, and has experienced at least two TIA's that we are aware of,
there may have been more. We have received a diagnosis of "mild vascular
dementia." He lives in a large retirement complex in the Midwest, currently
in "supported independent" status. He attends a clinic daily for treatment
of a pesky leg ulcer - but with the exception of getting it wrapped daily,
follows absolutely none of the other advice for improving the odds of
healing and preventing recurrence.
He probably has a pretty decent financial situation - however virtually ALL
of the investments he and my mother made are in assets which cannot be sold
very easily. Whether the cash flow is sufficient at this point is still an
unanswered question. He has begun to allow my sister to keep a calendar of
payments due, visit him weekly to go over everything, receive the checks
after he writes them, and trusts her to mail them. The incoming mail is a
bigger problem - my sister sees very little of what arrives unless he
remembers to set it aside for her. As she is able, she is changing billing
addresses for regular payments, and then she takes that mail to him after
getting copies for herself. Prior to this arrangment she found evidence of
cancelled insurance policies, credit cards with 28% default interest rates
in effect, unpaid pharmacists, etc, etc, Attempts to discuss these problems
only lead to musings about the "good old days" when insurance companies
never cancelled for lack of payment when they knew that reliable people had
taken out the policy (yeah, right!); the wrack and ruin of society after
credit card companies began to use computers for billing purposes; and so
on.
His two room apartment is a very strange place. The bedroom and small
adjoining bath (which visitors do NOT see as they enter) is immaculate - all
items neatly arranged and everything very clean. The living area is stuffed
to the walls with cardboard boxes, filled to overflowing with paper, photos,
newsletters, greeting cards, books, you name it. There are three smallish
tables, a desk, and a card table which are filled with papers, magazines,
etc - all flat surfaces filled with papers which drift to the floor as
people walk by. All chairs have similar items on them, with one exception
which is where he sits. A path leads through the junk to his chair -
another path from his chair through the small kitchen area and out down the
hall to the bedroom. He becomes quite agitated and upset at any attempt to
move stuff to a closet - but that's a futile attempt - all the closets are
packed with similar caches of junk.
We have discovered that he has come to an impasse in preparing his tax
filings, and at least at this point is refusing any assistance. He
continues to claim that it would take too long to explain everything to
someone else. HOWEVER - he made significant errors for 2002 (some items
held in trust should have been reported differently after my mother's death)
has not filed ANYTHING for 2003, and is still "working on" 2004.
Fortunately for him - none of his 5 children are of a mind to inherit
anything. We are all well established in our own lives and only want what
is best for him. But we are quite fearful that the value of his property
will be frittered away through poor decisions - or more accurately through
confused inattention. And that when he does need to tap into the value to
provide for his own needs that he will not be able to, or will find the
value insufficent.
Thanks for reading this - I basically needed to tell some non family member
about all of this. It weighs on my mind constantly. And in addition - the
fearful strain on my one sister who is close enough to help him one on one
concerns me. What on earth will we do if something grim happens to her?

Signature
A R Pickett aka Woodstock
"Sometimes the facts threaten the truth"
Amos Oz, prize winning Israeli author
Read my book reviews at:
http://www.booksnbytes.com/reviews/_idx_ws_all_byauth.html
Remove lower case "e" to respond
Dennis P. Harris - 10 Sep 2005 08:45 GMT
> Attempts to discuss these problems
> only lead to musings about the "good old days" when insurance companies
> never cancelled for lack of payment when they knew that reliable people had
> taken out the policy (yeah, right!); the wrack and ruin of society after
> credit card companies began to use computers for billing purposes; and so
> on.
GET HIM TO SIGN DURABLE POWERS OF ATTORNEY ****NOw!!!****. One
for his business affairs, and one for his health care decisions.
That way the person with the POA can take over his business
affairs when needed without far fewer hassles from the IRS,
banks, etc., and without having to have him declared incompetent
to get a guardian or conservator appointed.
A R Pickett - 10 Sep 2005 18:25 GMT
Dennis wrote - "A R Pickett" <WOODeSTOCK_AP@PReODIGeY.NET> wrote:
> > Attempts to discuss these problems
> > only lead to musings about the "good old days" when insurance companies
[quoted text clipped - 9 lines]
> banks, etc., and without having to have him declared incompetent
> to get a guardian or conservator appointed.
Good advice, Dennis, thanks! My sister has both POA's - although getting
MD's to check their files, note its presence, and call her back when she
phones for updates is at the moment our biggest hassle. My dad uses the
shuttle van at his apartment house to slip away unanounced for MD appts on
occasion, and we find out after the fact. When she finally reaches MD's (or
their staffs) they have an irritating tendency to grill HER on why she's
calling.
The first POA for business which he signed did not name a successor if my
sister should fail to act. It has now been revised to name me as successor
to her if need be. Fortunately, my dad has willingly complied with signing
both POA's with no hassle.

Signature
A R Pickett aka Woodstock
"Sometimes the facts threaten the truth"
Amos Oz, prize winning Israeli author
Read my book reviews at:
http://www.booksnbytes.com/reviews/_idx_ws_all_byauth.html
Remove lower case "e" to respond
Mary_Gordon@tvo.org - 10 Sep 2005 20:30 GMT
So, if you have the POAs in place, your next trip should be to a
financial planner of some kind who can do a complete inventory and
assessment of your father's finances.
Reasons for this can include:
Figure out his net worth so you have some idea what you have to work
with to pay for future care.
Protect his estate from tax etc.
Ensure the assets are arranged and invested to keep risk to an
acceptable level while maximizing returns, protecting value etc. for
his future care.
Set things up so they are easy to manage (i.e. consolidated, simplified
etc.)
We had an independent planner (i.e. not affiliated with a bank or
investment company, and thus not trying to sell us anything) help with
my MILs stuff and it was a godsend. Things were in quite a muddle
(accounts all over, bits and pieces in a crazy range of investments,
cash sitting in accounts that made her no money). The planner helped
us sort it all out. She gave us lots of good advice on how to set
things up so everything was easy to understand and manage. She probably
should have been hired by my MIL years and years before that, because I
think a lot of money got left on the table (or ended up with the
government) that might have gone to MIL had the whole thing been better
managed.
M