Navigating Legal Challenges in Dementia: Seeking Solutions for a Forgiven $200,000 House Loan
A reader seeks advice on what to do after their father, who has dementia, "forgave" their brother's $200,000 house loan. The loan was initially formal and registered, but the brother failed to make payments as agreed. The father, under questionable circumstances, signed a deed stating that the loan had been paid off. The reader, who has power of attorney for their father, believes the nursing home notary was wrong in declaring the father of sound mind. Seeking options, the reader is advised to deduct the loan amount from the brother's inheritance or consider challenging the notary's assessment in court. The article also highlights the risks of lending to family members and the potential damage it can cause to relationships.
