Reply to Contractor Swindled $3500 from MIL

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]You need to get POA and on her checking account asap.[/b] She will continue to call contractors to do stuff around her house. You need to mitigate that not happening anymore. She’ll also be a target for scam calls. I went through this with my mom. Time to think about assisted living. [/quote]

That might not be enough.
I'm a poster that posted a couple months ago about my Dad who was recently scammed out of $31k. *   
My brother (who is the sibling that lives closest to my Dad and has been the primary help) was also on my Dad's bank accounts, and could access everything.   Unfortunately, that doesn't matter if the elderly person is on the accounts and can write checks, withdraw money, etc.  
My Dad was able to go to the bank and withdraw the $31k in cash and the bank did not have to notify my brother or anything.   Since then, my brother opened new accounts for my Dad's money and my dad is not allowed access to them.   He has a debit card with no more than $1000 in it at any given time.

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This is the solution.  Just having another adult on the account does not solve the problem.

However, I would think this is time for either independent living in a retirement community.  So there is no need to hire any contractors for anything (everything is managed by the community). However, you also need to protect her money and remove her ability to access it.  You (or another adult) should be managing the bills and she should only have access to an account with $500-1000 max.  Also evaluate to see if she needs to be in memory care or assisted living.

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