Reply to Aging Parent With Sizable Finances But Mental Health Issues

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[quote=Anonymous]It sounds like a good plan to sit down with him for an hour at a time.  Can you record the conversations on your phone?  Then you can just let him talk.  I would focus on trying to find out if he has all of the legal paperwork taken care.

I will also say that anger and frustration can be signs of dementia.

If he has millions, I don't think it is a big deal if he is charge a low rent to someone.  You can deal with increasing the rent once he is gone, but it isn't going to break his financial situation.

I had to take over my dad's finances after a quick onset of dementia or he wasn't able to hide it anymore. I had to scramble and find all of the legal documents and luckily my dad have all of the right paperwork completed (POA, medical directives, trust and will).  I did have to get a letter from his doctor to allow me to act as successor trustee.

I think at some point, you just have to let things play out.  You can't force him to let you get involved.  It make take a devastating event like hospitalization to let you get involved.  You might just need to watch from the sidelines. [/quote]

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