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Reply to "Is there some way to prevent financial actions by an individual?"
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[quote=Anonymous]My mom is 80, and my stepfather is 84. He's slowly losing his ability to remember and make decisions, and we've seen the impact in that he easily falls for telemarketing scams. He answers the phone and chats with people, and on three occasions, he has signed up for contracts from scammers and whatnot. They've had to change credit cards twice this year due to scams. Is there some way that we can limit his ability to make financial decisions? Some sort of power of attorney or something, or would it take some court determination that he is not competent to make financial decisions? Sorry if I don't know the term of art but was just wondering what options might be out there.[/quote]
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