My grandpa, 84 yo, recently lost his wife of 61 years to an aggressive brain tumor in March 2015. We had some time, 3 months, before her passing to help assist grandpa with getting up to speed with household management as grandma handled everything household related.
Within a month after her passing, grandpa met a woman at the senior center and after one visit, she quickly became a regular household visitor. Grandpa would take her to expensive restaurants several times a week which was very uncharacteristic of his financial expenditures. It was within a week of their meeting that he was confronted and warned by someone at the senior center of her money scheming intentions. But grandpa, deathly afraid of being all alone, refused to take heed. Needless to say, the family is not happy at all.
Fast forward 5 months, she is at his residence every day. She has requested he buy her glasses, take her on vacations, buy her a new car, take her gaming (and give her money to gamble because "she is luckier at the casino when she gambles with other's money") and she recently asked him to add her to his checking accounts. We've done a little research on her background and found she has a gambling addiction, previous troubles with unpaid taxes, SEC8 housing, and a bad reputation for being a swindler. She has convinced grandpa that his family is awful and only wants his money. He has met with a lawyer and revoked his children's financial access. From what we can tell, he's out a minimum of $40K in 5 months without any explanation of where the money has gone.
Lawfully, there is nothing the family can do about this as he is willing giving money to her. While we, the extended family, can clearly see her true intentions, Grandpa desperately doesn't want to be alone so gives in to all of her requests. He has stopped taking his medications and refuses to see a doctor. Soon, we imagine, he'll stop taking our phone calls as well as she has convinced him that his family is no good.
While he is quickly loosing his entire life savings, we feel like we are losing the patriarch of our family.
Is there anything we can do?