Estate Planning When a Family Member Has Alzheimer’s or Dementia

A diagnosis of Alzheimer’s disease or dementia can be incredibly devastating for you and your family. You might be going through a range of emotions, be considering various options for treatment, and may be wondering what the road ahead might bring. One thing that you might want to consider after receiving a diagnosis of Alzheimer’s or dementia is whether you have made thorough estate planning arrangements for yourself or your family. When it comes to estate planning when a family member has dementia or Alzheimer’s planning sooner is better than later. You don’t want to wait too long to write your will. When a will goes to probate, one of the issues that can arise is an objection or challenge to the will if another family member or heir believes the person who wrote the will was mentally incapacitated at the time of writing. Because of these risks, one of the top items of priority of things to do after a diagnosis of dementia should be to get your estate planning in order. The estate planning lawyer in Palm Beach, Florida at Moran & Associates works with individuals who have estate planning needs. We understand what a challenging time this must be for you and your family. We are here to walk you through the estate planning process so that you have peace of mind going forward.

Advance Healthcare Directives and Estate Planning for People with Alzheimer’s and Dementia

Another important aspect of the estate planning process that shouldn’t be omitted if you have been recently diagnosed with Alzheimer’s or dementia is to have an advance health care directive in place. An advance health care directive is a set of instructions you set aside for family or caretakers to help them understand what your medical and health care wishes are if you are no longer able to make healthcare decisions for yourself. Advance health care directives can also include provisions so that a trusted individual or trustee can manage your finances and estate should you become too sick to make financial or legal decisions. An advance health care directive will often include:

  • A Durable Power of Attorney, which names a person to make healthcare decisions on your behalf should you no longer be able to make these decisions.
  • A Living Will, which explicitly provides instructions about the kind of medical treatment you’d like to receive should you become too ill to make decisions or should you be nearing the end of life. It is helpful to let the proxy, or person appointed to make decisions on your behalf under the durable power of attorney know these wishes as well. A living will may sometimes include a DNR, or no not resuscitate order.

These are just some of the estate planning considerations you may need to consider if you or someone you love has been diagnosed with Alzheimer’s or dementia. If you have urgent estate planning needs, the estate planning lawyer in Palm Beach, Florida at Moran & Associates may be able to help you.

Firm Contact Info:
Moran & Associates
231 Royal Palm Way
Palm Beach, FL
Phone: 561-779-2029
https://moran.law/palm-beach-estate-planning-law-firm/
https://moran.law/palm-beach-probate-law-firm/

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