Recovering lost money for a relative suffering from dementia
Managing a relative, when they are enduring the hardships of dementia is not easy. They may struggle maintaining independence and require frequent help and assistance. Common symptoms include memory loss and forgetfulness, which can often result in lost money.
Misplaced wallets, hidden purses and forgotten pin-codes are just some of the problems. Depending on the severity of their dementia, it could transpire that they have completely forgotten about entire financial accounts or policies from their past.
If no paperwork can be found for the accounts or policies, tracing the assets can become extremely difficult. Unless you already have an idea of where your relative may have held accounts, you will be fumbling in the dark.
By obtaining a power of attorney for your relative, you possess the ability to make decisions on their behalf. This will entitle you to search for any lost money that is owed to your relative.
If you are able to, we would recommend that you ensure a will has been written. If your family member’s dementia becomes serious, they may be unable to write their own will and distribute their estate as they would have wanted.
Monimine can help both you, and your relative from a great deal of stress and inconvenience. By submitting a search for free through Monimine, the records you input will be cross-checked with the lost money data we have sourced from financial institutions. If a match occurs, you will be reunited with the money which is owed.
This unique service prevents the hindrance of guessing where your relative may have held accounts, and the nuisance of having to contact them all individually to retrieve the assets.
If you would like to search for any unclaimed money which you think could be owed to you or your relative, please visit monimine.com.
Josh Cousens – Monimine.