Facing Alzheimer's:
- Anna Victoria Granados Villarreal
- Jun 30, 2024
- 2 min read
A Guide for Family Planning
An Alzheimer's diagnosis can be overwhelming, but planning ahead can ease the burden on both the patient and their loved ones. This article will provide an overview of key considerations for families facing this challenge.
Taking Proactive Steps:
Early Intervention: Don't wait until a crisis arises. Meet with a family attorney and financial advisor while the patient is still competent. This allows them to participate in decisions and ensures your plans align with their wishes.
Financial Planning: Consider long-term care costs and explore options like long-term care insurance or veteran's benefits (if applicable). Discuss how bills will be paid and ensure important financial documents are accessible to the designated individual.
Living Arrangements: Will the patient remain at home? Explore home modifications or assisted living facilities to ensure safety and proper care as the disease progresses.
Legal Considerations:
Durable Power of Attorney (DPOA): A DPOA for finances allows a trusted person to manage the patient's finances when they can no longer do so. A DPOA for healthcare (also called an advance directive or healthcare proxy) allows the same person to make medical decisions when the patient is incapacitated. This document often includes the patient's wishes regarding resuscitation.
Will: Ensure a will is in place to designate beneficiaries for assets and minimize probate issues.
Guardianship: If a DPOA is not established or no longer effective, a court-appointed guardian may be necessary to make legal and financial decisions.
Remember:
Involve the Patient: Include the patient in discussions as long as they are mentally competent.
Seek Legal Advice: An elder law attorney can guide you through specific legal documents and state laws.
Open Communication: Maintain open communication within the family to ensure everyone understands the plan.
By planning ahead, families facing Alzheimer's can ensure their loved one receives the best possible care while minimizing stress and conflict.
Additional Resources -