Planning Ahead—Health, Legal, and Financial Issues
When someone is diagnosed with AD, you need to start getting his or her health, legal, and financial affairs in order. You want to plan for the future, if possible, with help from the person while he or she can still make decisions. You need to review all of his or her health, legal, and financial information to make sure it reflects the person's wishes.
Update health care, legal, and financial information
Check to see that you have the following documents and that they are up to date:
- Durable Power of Attorney for Finances gives someone called a trustee the power to make legal and financial decisions on behalf of the person with AD
- Durable Power of Attorney for Health Care gives someone called a trustee the power to make health care decisions on behalf of the person with AD
- Living Will states the person's wishes for end-of-life health care
- Do Not Resuscitate Form tells health care staff how the person wants end-of-life health care managed
- Will tells how the person wants his or her property and money to be divided among those left behind
- Living Trust tells someone called a trustee how to distribute a person's property and money
Check for money problems
As part of the planning process, someone needs to check how well the person with AD is managing his or her money. This person might be a family member or the trustee. People with AD often have problems managing their money. As the disease gets worse, a person may try to hide financial problems to protect his or her independence. Or, the person may not realize that he or she is losing the ability to handle money matters. You should check each month to see how the person is doing.
Protect the person from fraud
People with AD also may be victims of financial abuse or "scams" by dishonest people.
Scams can take many forms, such as:
- Identity theft
- Get-rich-quick offers
- Phony prizes
- Phony home or auto repairs
- Insurance scams
- Threats
Also, watch for someone:
- Borrowing money and not paying it back
- Giving away or selling the person's belongings without permission
- Signing or cashing pension or social security checks without permission
- Misusing ATM or credit cards without permission
- Forcing the person to part with resources or to sign over property
- Stealing prescriptions or medications
| | | Reporting Problems | | If you think the person may be a victim of a scam, contact your local police department. You also can contact your state consumer protection office or Area Agency on Aging office. Look in the telephone book for a listing in the blue/Government pages or check the Internet. |
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A person can be a victim of telephone, mail, e-mail, or in-person scams. Sometimes, the person behind the scam is a "friend" or family member.
Here are some signs that the person with AD is not managing money well or has become a victim of a scam:
- The person seems afraid or worried when he or she talks about money.
- Sums of money are missing from the person's bank account.
- Signatures on checks or other papers don't look like the person's signature.
- Bills are not being paid, and the person doesn't know why.
- The person's will has been changed without his or her permission.
- The person's home is sold, and he or she did not agree to sell it.
- Things that belong to you or the person with AD, such as clothes or jewelry, are missing from the home.
- The person has signed legal papers (such as a will, a power of attorney, or a joint deed to a house) without knowing what the papers mean.
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