If you or a loved one has been diagnosed with Alzheimer’s disease or a related dementia, there are steps you can take to help plan for the future. Advance directives for financial planning are documents that outline how you would like your finances handled if you become seriously ill or die. Common documents include:
- A will — specifies how your property, money, and other financial assets will be distributed and managed when you die.
- A living trust — instructs someone, called a trustee, to hold and distribute property and funds on your behalf when you no longer can.
- A durable power of attorney for finances — names someone who will make financial decisions for you when you are not able.
Visit the Alzheimers.gov website to learn more about financial planning after an Alzheimer’s diagnosis.
You may also be interested in:
- Downloading or ordering a free copy of the Legal and Financial Planning for People Living With Dementia fact sheet.
- Learning about advance care planning.
- Viewing or ordering a free copy of the Getting Your Affairs in Order AgePage.