Consumers Advised To Prepare for the Unexpected

September 4th, 2009 • Related • Filed Under • by Debbie Dragon

Those with family members who are diagnosed with Alzheimer’s or other related mental disorders are also hit with other difficulties. These difficulties are in the legal and financial areas of life. Just as a child cannot make decisions for him or herself regarding these topics, so also, those who have been diagnosed with one of several cognitive disabilities find themselves in the same position. Planning is the key to making sure that there is a method in place to allow the flow of decision-making by those who care for those with mental disorders.
Start Early    Those who are married need to address this topic and devise a plan to handle such issues should they arise. This can be a part of their end-of-life planning that is done as they look at retirement and all of the details that it encompasses. Putting down on paper the methods to be employed will help remove ambiguity later on. The part of this discussion that should be addressed is what if both are unable to make decisions that are of a financial and legal nature.
Most people will engage their children (or other family members) in the discussions, if they have any. If there are none, then other ways need to be employed to help them. Living wills should also be a part of this discussion.
Engage Professionals    It is wise to obtain the counsel of professional financial and legal planners who can help bring up vital points that need to be considered during the planning process. These people can help draw up necessary documents that are legal and binding, as well.
Review Later   After years have passed, the planning needs to be revisited for the purpose of making any changes that are necessary. These changes are often forced by a change in circumstances. The goal, however, remains the same: to care for both in the event of diminished mental capacity that occurs at the same time.
This subject is not a pleasant one to address. Much like other end-of-life planning, it forces us to confront our mortality. But it is a necessary part of life – especially if there are children involved. You need to have a comfort level that you have done what you can to make an unpleasant situation to be handled as easily and completely as possible. Those who love you will appreciate the effort and it will give you a measure of peace of mind as well.