Posted 2/4/2010 1:49 PM (GMT 0)
You can contact his doctor and talk with them how to proceed to declare him incompetent and even though it would devasate your father, you would be doing him a favor by taking over these decisions for him. I agree you should of had the POA when he was diagnosed and still somewhat lucid to make that decision.
Paranoia is part of AD unfortunately. My Gma would constantly hide things, forget where she put it and accuse my daughter of stealing it (she was always picking on my daughter for some reason). She would lock the doors all the time and I can not even tell you how many times she had locked me and my husband out of the house. Later when we moved her to the assisted living center, she would lock her door and the aides had to put duct tape over her catch so it wouldn't lock (they had to keep it unlocked in case of emergencies).
Your father is going to start doing increasingly erratic things and it's best to get the POA as soon as possible. How is he doing the trading? Online, phone contact, in person? Once you have the POA, call these instituitions up and tell them that he no longer able to make these trades. If he is doing it online, you may want to get his password and change it. Someone needs to step in and take over before he ends up losing all his money.