Reply to Signs of Early Dementia and Financial Abuse

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[quote=Anonymous][quote=Anonymous]Honestly I would focus on protecting/supporting your mom right now.

It might be a good idea for her to meet with an attorney, with you. Bring as much financial documentation as possible. The lawyer can help you and your mom figure out what she can do to protect assets and if there’s anything she can or should do to warn the abusive party.

You’re in for a very bumpy ride and unfortunately there aren’t a lot of supports and very little you can do to stop self-destructive behavior until it gets considerably worse. Focus on your mom. [/quote]

I agree 100% on protecting your mom. And if not a lawyer then a financial planner who specializes in senior finances. They probably see this type of scenario often. You can also couch it in terms of "protecting their money from scammers" in general. My dad has dementia and is pretty much a prime target for scammers. Super friendly and talkative and trusting and absolutely no common sense or critical thinking. We put all their money into an account with a financial planner, and my parents only have access to a small bank account. The financial planner has instructions to contact my brother or me for any withdrawal requests more than $1k over their monthly transfer.

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