Thanks for the comments 2B, but talking to my Dad is not unlike talking to a rock.
Actually he can control his millions from the grave, it's called a trust and he can do all sorts of fun things with it. Parents have successfully ruined their children's lives with them.
Except none of us (his kids) want anything to do with his money. He's always made his priorities in life crystal clear. First - make money, second - keep money, third - have money earn more money, fourth - keep everyone else away from your money. He's met those all important goals in his life, and is still working on the last. Apparently, his money is never going to be safe from all those people who want it. Unfortunately he considers his wife and children to be a part of those people. Again, none of us want his money. The sad thing is that at this point, none of us want anything to do with him either. Except for mom, but that's a whole 'nother story in itself.
Point out to your father that without a POA there won't be anyone to pay for nursing home care if he becomes incapacitated. He'd have to become a ward of the state if none of his relatives sued for guardianship. Then lawyers would drain his assets until he ended up in a medicaide home.
I tried that already, but again, it's like talking to a rock. His response to this type of conversation is always the same. "You're stupid." "You're lying." "You don't know what you are talking about." and"You just want my money."
I find it amazing someone can amass millions and be so stupid as to not get the necessary legal work done for the inevitable.
The word you wanted to use is: crazy.
I'm waiting for the day when one of us visits him and he's walking around with kleenix boxes on his feet.
One good thing about this is that while we (the kids) all have money issues, all of us truly appreciate our own families.
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Sorry, don't mean to hijack the thread.