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Insurance and or public services may help to some extent.
Power of attorney elderly dementia. If you re caring for someone with dementia you may face a legal catch 22 you hadn t anticipated. They can t or won t sign a power of attorney. Make sure you evaluate the potential cost of caring for a loved one who suffers from dementia. For a person with a diagnosis of dementia there may come a time when they are unable to make decisions about their care and their finances.
A lasting power of attorney lpa is a legal document appointing one or more trusted people to be their attorney. By the time your parent is in need of daily assistance you should have either a durable power of attorney or guardianship in place. Unfortunately elderly parents with dementia may not have the mental capacity to grant a power of attorney depending on the progression of their disease. The number of americans with different forms of dementia such as alzheimer s disease continues to grow at an alarming rate according to the alzheimer s association.
The power of attorney document allows a person with dementia called the principal to name another individual called an attorney in fact or agent usually a spouse domestic partner trusted family member or friend to make financial and other decisions when the person with dementia is no longer able. One of the most common times a durable power of attorney is necessary is when an elder suffers from dementia or alzheimer s. A durable poa allows a trusted family member or friend to make certain medical and financial decisions on the behalf of the person who cannot in order to get them the care they need and make sure their assets are properly looked after.
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