Should I be concerned about a nursing home interfering with an elderly person’s finances and bank accounts?
Yes. Depending on the situation, an elderly or disabled person may have a guardian that oversees his or her finances, including bank accounts, retirement benefits, and Medicare or Medicaid. Ideally the guardian will uphold his or her responsibilities. Unfortunately some elderly persons are very vulnerable and close attention should be paid to their finances including any large withdrawals. You want to make sure that no one at the nursing home is taking advantage of your loved ones.
