Imagine a world where the people and places that you knew your entire life gradually started becoming unfamiliar to you. Your longtime friends, your own children, even your spouse are simply faces who you no longer recognize. This may sound like the plot to a horror film; however, an estimated 5.5 million Americans suffer from this debilitating disease known as Alzheimer’s.
With all of the challenges that an individual may face in their life, developing Alzheimer’s is single-handedly considered to be one of the more frightening uncontrollable factors. Not only is the disease frightening for the person who is going through it, but it can take a toll on their family members as well.
Commonly faced with the question of estate planning and legal capacity for Alzheimer’s patients, Michael Marks of Marks Elder Law is all too familiar with how to handle their concerns. Specializing in elder law, Michael Marks’ firm works to help families, individuals, and caregivers have a better understanding on how to estate plan for an elderly loved one with Alzheimer’s.
If you suspect that you or a loved one are beginning to show signs of Alzheimer’s, it’s time to start estate planning immediately. Time is of the essence when dealing with Alzheimer’s and the longer you wait, the harder it will be to balance the effects of the disease with getting the estate situated. The sooner you are able to act, the better your mental capacity will be to handle all of your legal affairs. Unfortunately, as your health declines and your memory worsens, the possibility of being declared legally incompetent grows. This, in turn, affects your ability to make decisions for yourself and control goes to your designated power of attorney.
Creating a power of attorney is essential in making sure your wishes are met long after you are no longer capable of making them for yourself. Michael Marks strongly urges you to handle your power of attorney before it’s too late. In order to create a power of attorney, the elder must be aware of what they are doing and signing. The grantor-the one suffering from the Alzheimer’s- must in good mental standing to sign the form and have it legally be admissible. This is in large part to protect from elder abuse.
When the signs of Alzheimer’s begin to show, it’s time to take action. For more information on estate planning in the wake of an Alzheimer’s diagnose, be sure to contact Michael Marks elder law firm.