Follow
Share
What exactly makes you believe that?
Sometimes people are looking for a substitute mother/father figure, some people are truly age blind because they're used to spending a lot of time with the friends of their parents and grandparents, and of course some people are users. In my opinion the best way to protect our elders from financial exploitation (as well as to prepare for an inevitable decline in their health) is to work with a financial planner and/or an elder law attorney to make sure there are checks and balances set in place that make moving large sums of money difficult - for example you might consider trusts and term deposits, and adding the POA's name to accounts so that they can keep an eye on things.
Helpful Answer (1)
Reply to cwillie
Report

We need more info. Since your in the ALZ/Dementia postings I'll assume that is her problem.

Is she still in her own home/apt? Does your husband or one of his siblings have POAs. Can she be declared incompetent, not being able to handle her own affairs. If so, its time to take the checkbook away. If she has given this person any large amounts of money, then you may want to try and get it back because it wil, effect her Medicaid if needed in the next 5 years.
Helpful Answer (0)
Reply to JoAnn29
Report

Ask a Question

Subscribe to
Our Newsletter