Page 110 - Dementia-Care-Specialist-Toolkit
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Alzheimer’s Caregiving Tips

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                Legal and Financial Planning




                Many people are unprepared to                      disease are       often capable of
                deal with the legal and financial                  understanding many aspects and
                consequences of a serious illness
                such as Alzheimer’s disease. Legal                 consequences of legal decision
                                                                                               legal
                                                                                However,
                                                                   making.
                                                                                                        and
                and medical experts encourage                      medical experts say that many forms
                people recently diagnosed with a
                serious illness—particularly one that is           of planning can help the person and
                                                                   his or her family even if the person is
                expected to cause declining mental                 diagnosed          with       later-stage
                and physical health—to examine                     Alzheimer’s.
                and update their financial and
                health care arrangements as soon                   There are good reasons to retain the
                as possible.  Basic legal and financial            services of a lawyer when preparing
                instruments, such as a will, a living              advance planning documents.  For
                trust, and advance directives, are                 example, a lawyer can help
                available to ensure that the person’s              interpret different State laws and
                late-stage or end-of-life health care              suggest ways to ensure that the
                and financial decisions are carried                person’s and family’s wishes are
                out.                                               carried out.  It’s important            to
                                                                   understand that laws vary by state,
                A complication of diseases such as                 and     changes       in   situation—for
                Alzheimer’s is that the person may                 instance, a divorce, relocation, or
                lack or gradually lose the ability to              death in the family—can influence
                think clearly. This change affects his             how documents are prepared and
                or    her    ability    to    participate          maintained.
                meaningfully in decision making and
                makes early legal and financial
                planning even more             important.         LEGAL, FINANCIAL, AND
                Although difficult questions often                HEALTH CARE PLANNING
                arise, advance planning can help
                people with Alzheimer’s and their                 DOCUMENTS
                families clarify their wishes and make
                well-informed        decisions      about
                health       care      and       financial         When families begin the legal
                arrangements.                                      planning     process, there are a

                When possible, advance planning                    number of strategies and legal
                should take place soon after a                     documents they need to discuss.
                diagnosis of early-stage Alzheimer’s
                while the person can participate in                Depending on the family situation
                discussions.  People with early-stage              and the applicable State laws,







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