True life stories

Broke Aussie gran: My daughter took $300,000

Monday, January 7, 2013
Broke Aussie gran: My daughter took $300,000
When I asked Kim for the money back, she refused point-blank.
A distraught grandmother says her daughter has siphoned her bank accounts to build luxury villas in Fiji.

Queensland great-great gran Mary Douglas-Crandley cringes with embarrassment at the prospect of disclosing her family’s sordid secret. But heartbroken pensioner Mary, 82, is swallowing her pride to warn others of the perils of power of attorney privileges. Mary wants readers to know that even if a legally appointed “attorney” thinks they’re acting in your best interests, it may backfire with disastrous results.

She alleges that her estranged daughter Kim Wind, 60, abused her trust to the tune of $300,000 – and now she fears she won’t get a cent of it back. Mary had assigned emergency control of her finances to Kim years ago, then locked the paperwork away in her writing cabinet, not giving it any more thought.

In March last year, Mary’s second husband John – Kim’s stepfather – died, and Kim moved in with her mother. Their relationship soon broke down, and just a few weeks after John’s death, Mary underwent major heart surgery. It was only when a hospital social worker asked Mary if she had someone to handle her affairs that she remembered the legally binding document giving power of attorney to her daughter.

At that frightful moment, she realised just how vulnerable she was. Mary immediately tried to revoke Kim’s control of her cash – but it was already too late. She alleges that Kim stole the paperwork from her writing cabinet two days earlier and bolted to Fiji with Mary’s life-savings, including term deposits of $190,000, and a series of unauthorised ATM withdrawals from John’s bankcard. “When I asked Kim for the money back, she refused point-blank,” says Mary.

Read more about Mary's difficult situation in this week's Woman’s Day on sale Monday January 7, 2013.




Realted video: License to steal.

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Read more in this week's Woman's Day, on sale Monday January 7, 2013.

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User comments
If this story were true charges would have been laid via a paper & electronic trail. Beware vindictive mothers.
I can really relate to this lady, although I didn't have an EPO made up for this reason. My son and I agreed to buy a house together, and I put the deposit down, he carried the rest, it was a win-win situation at the time. About a year into the living arrangement he wanted to buy me out, so I would have some money and a roof over my head. I did everything with a Lawyer, but he didn't get any security for me and now 7yrs later I'm still waiting for my share of the house that I put in plus commissions over the years, I'm now living with him with no security, no money and no chance of ever seeing it again as there is no equity in this house we share. He doen't tell me anything and I can't ask as I get told nothing, it's nothing short of Age Abuse. I do hope this lady's new Lawyer will find a loop-hole to take every Villa in Fiji back or sell them and get her money back. Children are not all to be trusted, no matter how well you raise them. mine were raised respectfully and with love.
Nowadays if children is spoiled because we love them it is very often they think that they deserved it and will grow up never appreciated that.[ie overindulgence] But if they grow up where life is hard then they will appreciate whatever they recieved.Look around some kids grow up ,married and left home but still think that they deserved what Mum and Dad left in the Bank,and if they dont get it they will try the wrong way.Is this the civilised world we become?"How can we prevent it?
My ex husband has dementia, I have two sons, one is his father's carer, the other is a lawyer who works for the attorney generals department in a capital city. The lawyer son took enduring power of attorney from my daughter, who kept all receipts etc during her time of caring for her dad. without consent, from any other family member. For the last four years the lawyer has been keeping most of his father's returned serviceman's pension. My ex also gets an aged pension.The lawyer gives his brother a fraction of his father's money to pay for his upkeep. After years of this the carer son went to the tribunal to get a better deal as he was struggling to make ends meet. I guess you are not going to be surprised to hear that not only did the tribunal believe my lawyer son's report which was full of unsubstantiated lies. The investigation went no further. It appears if you work for the attorney general you are above the law
When we recently reworked our wills and introduced Power of Attorney's on myself and husband and my mum and dad, our solicitor was very clear that the power of attorney could only be activated once the solicitor verified incapacity.
this sounds very familiar, as too it has happened in our family. my nana was left penniless on her death bed. my aunty had all the legal power for years and when the rest of the family found out it was too late my nana lost a estimated $250,000. my aunty spent it on new house , depts., and a much younger husband. it was heart breaking to hear my nana age 93 say I have nothing, I have nothing can you help me, when she should of been resting as she was gravely ill
fugalwat from Brisbane, you kinda sound guilty! have you done this? or are you a friend of the daughter?
It seems we may have bred a race of greedy guts young people & when we asked the one we thought most reliable to do the Power of Attourney thing it just seems we may have unleased the preditory wolf. Like wow, mum ha asked me to be her attourney, whacko now I can get my hands on all her money and have a ball!.. Personally I think family members should really only be made an assistant Attourney and the federal should enact a law thatsays qyite distinctly that family members should on act together with the family doctor and the governent agency. I'm not say this will stop family mewmbers from stealing all the monies and assets they have been asked to care for but it will tend to make it somewhat more difficult to steal the money, and if the government can see to it that there is an article on all this and added to it the probability of theft, charges can be laid.
This uncaring act is becoming more prevalent with each generation. It highlights a disturbing trend that is beyond belief or community control. I am 72 years young and have unfortunately borne witness to and have felt disheartened after reading and hearing these type of unscrupulous relatives, whom strut about, seemingly proud of their selfishness. Is there no shame Have we finally stooped to this level Hopefully, No
Sadly an all too common occurence. The intention of an enduring power of attorney is so that someone you trust can manage your affairs when you are no longer able. Unfortunately theres no sure fire way of ensuring this will happen the way it's supposed to but there are some things you can do to lessen the risk. The key is how you write up that enduring power in the first place. An enduring power comes into effect when the doner is deemed to be "legally incapacited" this is ultimately just an opinion on the part of the donee. A couple of things you need to do when preparing your enduring power of attorney document. Firsly select two donees who must operate jointly, one of these donnees should not only be someone you trust but also not have a vested interest in you or your family. Write into the document that you must be declared in writing "legally incapicited" by a professional aged care assement team.

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