Overview
A diagnosis of Alzheimer's disease or another dementia often raises some important legal and financial issues for the future. The person with dementia should be involved in these decisions as long as they are able and willing to be involved.
- Get professional legal advice as soon as possible. Early in the disease, the person with dementia may be able to take part in legal and financial planning.
- State and local bar associations will be able to provide the names of lawyers in your area who deal with these issues.
- For certain types of legal advice, the Legal Aid Society, the local Area Agency on Aging, or the Alzheimer's Association will be able to help you find legal assistance at a low cost.
- As soon as possible after the condition is diagnosed, talk about writing a living will and assigning a durable power of attorney for health care. These documents will ensure that the person's wishes for medical care, especially life-sustaining treatment, are in writing.
- Find out if the person is or will be eligible for Medicaid. And investigate long-term care insurance and financing options.
- Locate documents needed to assess the legal and financial affairs of the person. These include wills and trusts, prior tax returns, health and life insurance policies, pension information, deeds, mortgages, bank accounts, and information on other financial investments.
- Review the ownership of the person's property. Talk with your lawyer about the implications of transferring assets.
Credits
Current as of: September 25, 2023