Clairobscur, I agree with you to a point, but not all of the way.
First, I think we can all agree that some elderly people lose their mental abilities (through Alzheimer’s disease or other age-related reasons) to a degree where they are unable to make financial and other decisions for themselves. At that point, a concerned relative (or if none is available, the Public Guardian) steps in, and can petition the court for an appointment as the elderly person’s guardian. Anyone disagree with that?
The tricky part comes in short of that point. With a lot of people, the decline is gradual over many years. I have relatives in their late 60’s. They’re smart people, and probably are more capable than the average 35 year old. Still, although they are undoubtedly capable of making their own decisions, they aren’t quite as good as they were 10 years ago. Hell, my grandmother is 93, and no one’s taken control of her finances away.
But with some people, the decline is greater, and a loss of judgment that increases their vulnerability to scams is part of that. “Scams” may too strong of a term here - while I certainly mean to include any type of malicious solicitation, whether for a questionable product, service, psychic/spiritualist or other “religion”, or charity - the vulnerability is also to otherwise legitimate solicitations that make no sense for the person involved.
Who hasn’t heard of the elderly guy who gave all of his money away to some off-brand religious figure, leaving the contributor destitute? Or the old lady who has closets full of Home Shopping Network crap that she’ll never use? Or the doddering 80 year old guy whose new young girlfriend estranges him from his kids, and then his money?
In a lot of families, an informal hand-over of control to the next generation takes place. Sometimes that takes some persuasion, or even family pressure beyond that. I can’t get too upset about this, having seen too many cases (some professionally) where an elderly person got badly taken advantage of, even if he hadn’t reached the stage of actual legal incompetence.
That said, I have zero sympathy for children who get upset when their elderly parents spend money on (legitimate) things that they can afford. No one has a right to an inheritance.