My sister sold our elderly mother’s house and hid the proceeds. What can we do?

MarketWatch

by Quentin Fottrell

February 14, 2026

AI-Generated Deep Dive Summary

An elderly woman with dementia had her home sold by her daughter, who claims the proceeds are needed for future nursing care but has not provided clear justification for her actions. This situation highlights concerns about financial elder abuse and the challenges families face in managing assets for vulnerable individuals. The sister's assertion that she has the right to control the money raises ethical questions about responsibility and accountability. Financial elder abuse is a growing issue, particularly as populations age. It involves situations where individuals manipulate or exploit elders for financial gain, often under the guise of providing care. In this case, the daughter justified her actions by citing potential future nursing costs, but experts emphasize that such decisions should involve open communication with other family members and legal oversight to ensure the elder's interests are protected. The lack of transparency and accountability in managing the sale proceeds underscores risks associated with informal asset control. Without proper documentation or oversight, funds intended for the elder’s care could be misused or lost. Financial institutions and caregivers play a crucial role in identifying and preventing such exploitation by implementing safeguards and monitoring transactions. This situation highlights the importance of legal protections and family involvement in financial decisions involving elderly individuals. As aging populations increase, understanding and addressing financial elder abuse becomes critical for ensuring vulnerable individuals receive proper care and their assets are managed responsibly. Families must remain vigilant and seek professional advice to navigate complex dynamics while upholding their loved ones' rights.

Verticals

financemarkets

Originally published on MarketWatch on 2/14/2026