If you're worried about elderly parents spending all of their money and they are accepting of your help, there's a few things you can do.
Freeze their credit. Open a new bank account that will be their spending money, transfer money into it on a schedule. Set up regular bills on autopay so they get out of the habit of mailing checks (lots of mail gets sent to elderly ppl making it seem like it's gov and a response is required). Set up MDM on their phones and computers. Get them a low limit credit card.
You don't have to do it all. Credit freeze, MDM, and bill pay are probably the biggest and easiest to get consent to.
Freeze their credit. Open a new bank account that will be their spending money, transfer money into it on a schedule. Set up regular bills on autopay so they get out of the habit of mailing checks (lots of mail gets sent to elderly ppl making it seem like it's gov and a response is required). Set up MDM on their phones and computers. Get them a low limit credit card.
You don't have to do it all. Credit freeze, MDM, and bill pay are probably the biggest and easiest to get consent to.