Livens & Reed, PLLC

Estate planning is essential after Alzheimer's diagnosis

Alzheimer's disease is a progressive, debilitating form of dementia that affects millions of people in Texas and the rest of the country. It is a horrific diagnosis to hear about, for the patient as well as family members. While certainly one's attention should be given to treatment of the disease and how to keep it at bay, a person's plans for care and finances also need to be addressed. Experts highly recommend going through the estate planning process to formalize these directives while able to do so.

As Alzheimer's progresses, the ability to make competent decisions decreases as memory loss occurs. Therefore, it would be wise to thoroughly discuss one's plans and wishes with family members and involve them in the decision-making process. This would be a good time to review any existing legal or financial documentation and make appropriate changes, taking the disease into account.

Documents such as wills, trusts and powers of attorney need to be updated. If these are not currently in place, it would be beneficial to create these plans as soon as possible. Certainly, any medical directives should be put in place immediately. Financial information, such as bank accounts, insurance policies, deeds and retirement accounts, need to be reviewed to make sure appropriate beneficiaries have been designated. There are many other elements, such as passwords for various websites, payment of ongoing bills and investment directives, that should also be addressed.

Estate planning is a crucial process, whether or not someone has received the devastating diagnosis of Alzheimer's disease. A Texas attorney familiar with estate administration law can help someone develop an estate plan that is unique to his or her situation. Having a plan in place can bring assurance that one's personal needs and those of one's family will be handled as desired.

No Comments

Leave a comment
Comment Information

Schedule A Consultation With An Attorney

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

2516 Harwood Road
Bedford (Fort Worth), Texas 76021

Toll Free: 800-569-2663
Phone: 817-545-3425 (FW)
Fax: 817-545-9847 (FW)
Map & Directions

14135 Midway Road
Suite G-250
Addison (Dallas), Texas 75001

Phone: 972-685-5202
Fax: 972-685-5206
Map & Directions

Livens & Reed, PLLC

Free Initial Consultation | Se Habla Español

Bedford (Fort Worth): 817-545-3425 | Addison (Dallas): 972-685-5202 | Toll-Free: 800-569-2663