Credit Card and Dementia
Is there any reason my 80 year-old sister, who has dementia,should continue to have a credit card? I have power of attorney to handle her finances and a few months ago, a couple of magazine subscriptions that had run out, were automatically renewed by the companies without her authorization. I feel having the card leaves her susceptible to something like this occuring again or perhaps even something more serious. On the other hand, I fear that if her roof leaked or some other major repair problem happened, at least it could be put on the credit card and be paid off over time. I now keep the credit card under lock and key.