My dad is acting peculiar lately. Lately, he secretly wants to take all of my parent's retirement assets to open up a Fast Food franchise.
Within the last year, he has been very secretive and doesn't listen to anything the family says, and even worse, has secretly opened bank accounts somewhere. He intends to open up a Fast Food franchise. This is someone who never operated a retail or food business in his life, let alone has a history of never paying bills.
We went to see a neurologist and did a brain scan that revealed 2 minor strokes. However, my dad had never takes the medication and claims he's 100% fine. When you speak to him, he seems to be sound and is able to convince others that nothing is wrong.
However, within the last year, this behavior is going down a path that will ultimately ruin the family financially. My dad is 72, has heart, kidney, and now brain problems. He is in no condition to open up a fast food chain, and won't listen to reason. Anytime, he is approached, he denies it, walks away, or yells at the family member. He claims that keeping his brain active will keep him mentally healthier. We tried to tell him there are other ways to keep his mind active, but he is stubborn and refuses to change his plans.
What can the family do in this situation? I don't want him spending my parent's life savings (which is basically my mom's money since he has a history of never saving, or paying bills. Actually the only reason his credit score looks good, is because my mom monitors all the bills coming and pays them on time. But this will backfire if he applies to open a fast food business and it "seems" he is on top of his finances).
Because he seems competent and calm when talking to third parties, I'm afraid we can't stop him from secretly taking all the retirement funds and blowing it on this project behind our backs since he leaves the house every morning w/o notice.
My mom is terrified. The bank put the bank account in his name for some reason and won't change it back to the way it was.
What options do we have for someone who refuses not only help, but secretly does things and denies them.