A diagnosis of a disabling medical condition can be devastating and life-altering. Sadly, Alzheimer’s disease and dementia are only a couple of the age-related conditions that can keep you from being independent in your senior years. You and other California residents may wonder how to protect your assets and your loved ones’ inheritance if you are diagnosed with the early stages of Alzheimer’s.
As Web MD explains, there are several steps that may preserve your quality of life and protect your financial interests after an Alzheimer’s diagnosis. These include the following:
- Educate yourself about the condition, as well as your treatment options and medical coverage.
- Eat healthy food and get adequate exercise, which may preserve brain function and slow the progress of the disease.
- Talk to your loved ones about your diagnosis and how to proceed with your estate planning.
- Establish routines and lists that can help you stay as comfortable, reassured and independent as possible.
- Decide on your advance care directive and consider signing over power of attorney to a trusted relative.
Finding out you have Alzheimer’s disease is unfortunate, but you may have several months or years to enjoy life and spend time with your loved ones. It is important to get your financial affairs and estate planning in order while you are able to make your own informed decisions. The alternative may result in a court making these decisions for you or you becoming vulnerable to financial abuse. Since this topic is complex, the information in this blog should not replace the advice of a lawyer.