I am joint account holder with my father in order to monitor his account so that I can make sure he is paying his necessary bills each month. He is 86 but is currently able to make his own decisions so I only monitor at this point.
One of my siblings is an authorized user on my dad's credit card and runs up big bills every month. The sibling initiates the cc payment each month via pay by phone even though the sibling has no legal rights to the bank account from which the cc account is paid.
A recent health scare with my dad brought up this question in my mind. As a joint account holder, can I stop these pay by phone payments if dad becomes incapacitated ?
Medicaid will review 5 years of CC and bank statements. Any monies that were gifted to others will result in a disqualification penalty, meaning someone will need to care for him at home.
Make sure he understands that, and that your sister realizes that she will be the one doing the work.