I recently found out someone took out a car loan under my mom's name... shes bed ridden & me & my son take care of her at home per her wishes. I had this power of attorney since March, lawyer didn't say how long I have to get it done. How we found out about this was we were trying to get a copy to show her social security, it got cut in half but we couldn't continue because we need the name of the person who made the loan. So on the 7th of this month we got it notarized. My mom shouldn't stress about this. CAN SOMEONE PLEASE TELL ME IF IT'S LEGAL? So we can go to bank & soical security office.
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Really I don't initially understand how that impacts social security income, buy sounds like just clearing any lien issues to make sure you are aware as upcoming POA that this needs to be addressed. Notarized documents is the document. Keep copies. Scan. Verify POA filed in county, etc. Lots to do, but original notarized documents are put in place for a reason: multiple witnesses, authority. Clear up any liabilities so life is easier. Good question. More to resolve I think. Stay engaged until answers in place.
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I see from prior postings that your siblings wanted your Mom to go into a nursing home I suppose because she needed a higher level of care. By chance does your Mom have any memory issues? I realize that sometimes young relatives will ask Grandma to help them buy a car without Grandma realizing the consequences. Just wondering.
Now, you can go into all 3 of the credit bureaus on-line and freeze your Mom's credit, so that no one else can pull up your Mom's credit report in order to purchase a large ticket items or apply for a credit card in her name.
As for your Mom's social security, I don't see how any of this plays into Social Security. In fact, liens are not allowed. Only time monies are taken from Social Security is to pay on Medicare's premiums, which is the norm. Unless changes were made to Mom's Medicare plan, like more care items added or Mom is in what is called the "donut hole". You can check with Medicare on the phone, have Mom nearby in case Mom needs to give permission for you to talk to Medicare.