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Updated over 7 years ago,
Elder Abuse and Rental Property
We’ve just discovered that my father has been taking financial advantage of my grandmother. He’s basically been using her retirement money to fund his life and her old property for rental income... using her social security too.
So the question is how do I handle the rental property after we remove his Power of Attorney? I’m assuming he’s having the check sent to him or the money deposited into his account. Would we have the tenant sign a new lease or terminate the lease and sell?
Thanks in advance.