My grandmother lost her purse for the 4th time this year, today. We want her to go into a home and be looked after properly, but she won't hear of it - being very determined and a little bit foolish. There are no real close family members around her and I can only do what I can in out-of-work hours.
The financial part of my question is thus: Is there anything anyone can in accordance with law with regards to a trust-like agreement to help sufferers of Alzheimers with their finances? She has lost literally hundreds of pounds after losing her purse and having it pick-pocketed from her, not to mention the rigmarole of reporting the theft, cancelling the cards, ordering new ones, ordering a new bus pass, and other interim measures whilst the above gets organised, etc.
She has absolutely zero idea about PINs and anything besides cash being withdrawn from the branch counter and so walks around with large wads of it all the time, which is a worry to say the least. I would be interested if there are any trust-type agreements with any banks for example that we (the family) can request that any cash withdrawals to my grandmother have to be under a certain amount, for example. I know this sounds like well and truly far-fetched nonsense, but we're running out of ideas on how to ensure a) her safety when we aren't there and b) that she's not walking around aimlessly with a purse stuffed full of cash all the time and being a very vulnerable sitting target.
Thanks for any useful help.