Money Matters and Dementia: Spotting and Preventing Trouble 

Memory loss can lead to financial confusion or exploitation. Watch for warning signs and take steps to protect your loved one’s money. 

Spotting the Signs  

• Unpaid bills or difficulty balancing a checkbook, even if this used to be easy.
• Unusual purchases or anxiety about money and finances.
• Check monthly bank and credit statements for red flags. 

Staying Involved  

• If needed, manage their money while still supporting their independence with small amounts of cash or low-limit cards. 
• If problems continue, consider a durable power of attorney to take legal control of their finances (ideally set up early so they can help make the decision).  

Recognizing Financial Abuse

Look for:

• Strange or mismatched signatures. 
• Changes to a Will without explanation. 
• Legal papers signed without understanding. 
• A home sold without their agreement. 
• Missing valuables or personal belongings. 

If you suspect fraud or abuse, contact local police right away and notify their bank.

Top Tip: Financial trouble often starts small. Keep communication open and review statements together when possible — it feels less intrusive and helps you spot issues early. The goal is to support independence while quietly building safety nets like spending limits, call blocks, and fraud alerts. 

FAQs

How can I prevent scams?

Try to block unwanted calls, monitor mail, and talk regularly with your loved one about safe financial habits. 

Can someone with dementia manage any of their own money? 

Yes, in small ways. Controlled access can help them feel independent while limiting risk

When should I intervene about money? 

As soon as you see signs of confusion, unpaid bills, or potential fraud.