Reply to Is it wise to get guardianship of person with dementia?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I've dealt with two parents who had dementia. We were told that it's hard to get guardianship or conservatorship, but maybe others have found otherwise. [b]We also have found it's not necessary. My siblings and I have POA and a lot of their assets are in a trust and we are the trustees.[/b]

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Does your parent still have access to their bank accounts though?
My brother had to get guardianship of my dad when he started getting scammed.   Most of his assets were in investments or other more secure things, but he did have a regular bank account with a little over $31,000 in it.    A scammer convinced him to pull out $31,000 in cash and hand it over to a stranger.
After that my brother was able to get a doctor to sign off.[/quote]

No, they don’t have access. I took parent’s checks and credit card so they don’t have those either. Their AL does not have a secure spot to keep financial items.

My parent has always been suspicious of being scammed. I can’t be sure but think that suspicion about being scammed will be the last thing to go because it is so hard wired.

This parent never used the internet or email at home.

No one can access the investments without the FA being involved.

Parent has a trust for some accounts. I am main trustee, and sibling is backup. We also share a some bank accounts with all of our names on them. Sibling could legally steal from that but I hope to move all that to a trust account soon.

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