OP, as mentioned above be proactive, possibly contacting a local lawyer to discuss ways to limit or completely block access to your parents assets, bank accounts, credit cards, etc. I do not like to think in the negative, but if this goes badly, you and your parents could take a significant financial hit. There have been a few stories along these lines recently. You can determine how far you and your parents need to go after getting legal advice.
I hope this helps, and I hope this works out well.
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Pennsylvania, for 60+ years, most recently, Allentown, now TV. 
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