Does anyone know why a POA might apply for an adjustable-rate home equity conversion loan? Can this loan be used to pay for long-term in-home care (24/7) or solely for long term nursing home care? Does it allow a resident of the home, in this case the POA, to continue to live in the home or will they have to vacate the home?
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I understand that you're waiting on him or her to get back to you.
Read about it here:
https://www.hud.gov/program_offices/housing/sfh/hecm/hecmhome
You'll have to draw your own conclusions as to why such a thing was done.
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As Alva says, ask ur lawyer. I also think you need to just worry about your Medical proxy and not worry about what the POA is doing.
Do you remain estranged from the POA in this situation?
If so, you will remain, in all likelihood, out of the loop, in that you can only guess at what is going on.
It is a real shame that family relationships have remained so adversarial and is not at all in the interest of your loved one.
You have often told us that you have access to an attorney to ask these many questions you have about another family member who has POA while you do not.
I understand all the many questions you have about long term care in-home versus facility, but we cannot guide you nor answer your questions. This is in the perview of the person in your famly who has been appointed the POA for financial.
Please consult your attorney. If he or she hasn't the answers you need it is doubtful we will.