70-year-old mother-in-law is hoarder and has spending problems. We have POA. How do we keep her from ruining herself financially?
She has had lung CA for 4 yrs. She came to sons 4 months ago; was 20,000 in debt with credit cards. Used paid for house to get equity line to pay off debts. Discussed in detail with her about finances and budgeting and not being able to use cards any longer; she appeared to understand. Was hospitalized recently, big scare for fam. Realized that she had opened more cards, and was $3,000 farther in debt in 4 months time! She is doing well as far as CA is concerned, and she can do for herself as far as personal care. Doc says no driving or staying alone. If she passes driving test and get fall alert, she can be independent but that means that she can begin spending again and we are terrified about the consequences. She has an addiction to spending and hoarding. My husband has POA. Is there ANY way to flag her credit to prevent anymore companies from giving her cards! She is stubborn, says she will get more cards or do w/o meds to spend like she wants! after bills and meds, not much left