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Reply to "Do you monitor elderly parents' finances?"
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[quote=Anonymous]My parents are in their 90s, living in their own home and managing their own affairs. Twice my mother has been scammed, over email, losing thousands of dollars. The scammers are persistent and sophisticated. She's changed her bank account numbers, etc. But it might happen again. My siblings want to monitor my folks' finances. This seems a bit extreme, but doing nothing other than educating them over and over is not enough. (Don't send money or gift cards to people you don't know. A tipoff is a sense of urgency--it has to be done NOW or you will be charged or the scammer will lose his job, etc.) They know this. But the next time it could be the deed to their house. Guidance welcome. [/quote]
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