If it is, talk with Adult Protective Services. See if they can arrange for a psychologist to interview him at his home, without his advance knowledge. If the psychologist finds him not to be competent, then you can pursue guardianship of him and his estate. That gives you the legal basis to control him and get him to live in an assisted living facility, if that is the best answer. These are the steps I have been forced to take with my elderly father, who is suffering from vascular dementia, but appears OK in a casual conversation.
Everybody, please, if your parents are aging, be sure that somebody, yourself or a sibling, has Power of Attorney for them.