Reply to DH's aunt sent 15K cash to scammers

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[quote=Anonymous][quote=Anonymous]Does anyone have POA?  Someone may need to step in and take over her finances.  
[/quote]

100% this.  Maybe not entirely take over but someone needs access to her accounts and the ability to approve huge transfers/withdraws.

My almost 80 year old fully mentally competent father was scammed out of $70K   :cry:  The scammers are very convincing.  They somehow talked him through going to the store and buying bitcoin.  They also convinced him to buy Target gift cards and give them the numbers.  Once we figured out what was going on we got POA and access to all his accounts.  We also met with his banks and they now know the situation and will give us a notice if he is trying to transfer large amounts of money.  He still has full control over his accounts but we monitor it closely.  Most of his money is in investments which he can't get to immediately which is reassuring.  We keep only a small amount in his checking/savings account.  Only enough that if god forbid he got scammed again it would only be a small amount.   The $70K he gave away was in his checking account (which we had no clue he had so much in there).

Moral of the story.  Check in with your elderly relatives on their finances every once in a while before it's too late.  Even if they seem like they have it all together.  [/quote]

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