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Preventing scams and fraud

by Janet155 | Nov 21, 2020 | in Banking and dementia

My brother has MS and is severely physically disabled. His mind is now affected and he is showing signs of dementia. He lives alone and is vunerable to scam phone calls. I have power of attorney and I am trying to help him with his finances. I would like to take over managing his finances to prevent him being scammed, but he would still need to be able to spend some money on shopping. How can I organise this? 

edited on Nov 23, 2020 by Natasha Morgan
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Jennifer Bute Nov 22, 2020

I have an arrangement with my bank If they see any unusual activity on it or expenditure form myself they are meant to contact my son or check first that it is a valid expenditure This has worked very well even if at times it slows things down a little

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Natasha Morgan Nov 23, 2020

Thanks for sharing, Janet. You make a good point about the need to protect people from harm whilst maintaining their financial independence. Has anyone else experienced similar issues?

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Matthew Harrison Nov 26, 2020

Hi Janet, I have described a way that we managed my father's daily cash needs in a seperate post, perhaps you would find it useful, or have some thoughts or questions on how we did it. The post is called "Banking App cash cards worked for us"
https://innovationhub.alzheimers.org.uk/post/3675670?forPhase=0

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