
Financial Actions after an Alzheimer’s Diagnosis
If a person close to you has been diagnosed with Alzheimer’s disease, it may be time to address some serious financial questions.

If a person close to you has been diagnosed with Alzheimer’s disease, it may be time to address some serious financial questions.

Ensuring that your wishes on your medical care are followed is up to you. Take action now while you’re well, or you could lose a say in the matter during a crucial time later.

You can reduce stress and expenses for yourself and your family, if you develop an estate plan that includes these important documents.

Not every power of attorney will be sufficient to manage your affairs, if you become incapacitated.

While most initial meetings with an estate planning attorney will result in some questions you likely have never considered, there are many ways in which you can prepare for a thoughtful and productive estate planning conference that will result in a better understanding of your goals and more efficient use of time with your attorney.

Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf when you aren’t able to.
The difference between power of attorney and guardianship is a common question asked by adult children. Both roles share a duty to provide care and oversight of medical care and health.

Obviously, the first step is to work with your doctor to slow the progression. However, there are legal steps you need to take as quickly as possible.

Powers of attorney come in different forms, each suited for a specific purpose. They serve as useful tools in any estate-planning effort.

Has a family member or close friend asked you to serve as their executor, trustee or power of attorney? If you accepted the responsibility, do you know what this entails? Have you been given a copy of the documents you were named under? Do you know when you would begin serving in these roles? These are all important questions to ask or consider.