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[quote=Anonymous]You can ask him if you can help make smart financial decisions. Those could entail:

Putting a credit freeze so that no one can fraudulently open cards in his name

Buying him a phone that reads out the caller, or sends to voicemail anyone that is not on a trusted list of contacts

Putting notes/placards around about common elder scams

https://www.consumerfinance.gov/consumer-tools/educator-tools/resources-for-older-adults/protecting-against-fraud/#resources-for-caregivers-and-service-providers

https://pueblo.gpo.gov/CFPBPubs/CFPBPubs.php?NavCode=XB&Sub2ID=256&CatID=39&PHPSESSID=ul4do0jq6rnjushq8dcrkqt5qa

Ask if you can have read-only access to their account transactions, or set up a “convenience” or “agency” account (which permits some co-management)

Ask if they’d be willing to sign a limited power of attorney for assistance with financial matters

Then, if you think you need more, you can look into a power of attorney (a durable POA doesn’t become invalid once a person is incompetent). But at this point you’d be asking them to submit to your judgement—that it would supersede theirs.

But many old folks have agnosia about cognitive impairment, and money troubles/scams are frequently the first sign. It is worth trying persuasive methods first, but you may need a more formal process.

Here’s Maryland’s standard POA:

https://www.mdcourts.gov/legalhelp/lifeplanningandpowerofattorney

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