Legal Question in Elder Law in Ohio

Removing Funds From Joint Acct

My elderly mother lives in Michigan. Before being diagnosed with Alzheimers she placed me on her bank accts as joint-owner to handle her finances and also gave me legal POA. Due to my siblings financially abusing her, I removed most of her funds and redeposited them in investment accounts in Ohio where I live, so that I can manage her finances more effectively. The accounts are in my name, but solely for her care and living expenses. She gives money away and I feel it should be for her medical care and livelihood as long as she is with us. She has since decided that she wants all her money back. I want to protect her due to her mental instability and refuse to return her access to the funds. Have I committed any crime? Can the money be ordered back to her? Her doctors report she should not handle her own financial affairs.


Asked on 4/03/09, 8:41 pm

1 Answer from Attorneys
Edward DiCato Edward DiCato Attorney at Law

Re: Removing Funds From Joint Acct

You should establish an adult guardianship. This is done through the probate court of your county. A guardian is then appointed and has not only control of property, but also of her health care decisions, etc.. If you are intrested , I do guardianships. Best Regards, Edward DiCato

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Answered on 4/04/09, 1:03 pm


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