Alzheimer’s Disease is in the news again thanks to Academy Award winner Julianne Moore’s performance in the movie Still Alice, where she portrays a college professor diagnosed with early onset Alzheimer’s and movingly portrays the effect it has on her family.
According to the Alzheimer’s Association, someone in the U.S. is diagnosed with Alzheimer’s every 67 seconds and more than five million Americans are living with the disease. In addition, over 15.5 million Americans are providing unpaid care to loved ones diagnosed with dementia.
Dealing with a parent’s diagnosis of dementia can be overwhelming for many families, but there are steps you can (and should) take to ensure their affairs will be handled properly:
Whatever you do, do not rely on the Court system to help you become guardian or conservator of your parent. We’ve been working through some nightmare scenarios where children didn’t have a trusted advisor on their side, got the Court involved and ended up losing all of their parents assets to a System that is unnecessary.
If you’d like to learn more about important legal protections for those facing a progressive illness or have other estate planning questions, contact a Personal Family Lawyer® today to schedule a Family Wealth Planning Session, where we can identify the best strategies for you to provide for and protect the financial security of your loved ones.