DOCUMENTS TO CONSIDER
A person who is noticing he/she is starting to have memory lapses or is diagnosed with possible Alzheimer's or dementia should make sure he/she has all the legal documents in place to ensure his/her legal rights and financial affairs can be managed in the event the Alzheimer's or dementia impairs his/her ability to make informed decisions as to care and financial affairs:
Durable Power of Attorney - Names a person (agent) to handle ones financial affairs in the event of incapacity. Deals with banks, real estate, applying for Medicaid, contracting with nursing homes and hospitals, paying bills.
Healthcare Surrogate - Names a person (agent) to explain to medial providers what your wishes are for treatment should you not be able to express your own desires to the medical providers.
Living Will - This is critical if you do not want doctors to take extraordinary measures in the event it looks like you will not recover from a life threatening injury or severe illness where it appears to the doctors that you will not survive short term without the extraordinary measures in case similar to brain damage, a severe heart attack, or stroke leaving one in a permanent vegetative state.
A person wants to have these documents drafted by an attorney versus using a form because if these documents are ever asked for chances are there are "legal" related questions as to who can act, to what extent, or what can be done. Having an attorneys name on the bottom of each document is critical and can save precious time, avoid delay that using a "form" will create. Total costs among elder law attorneys who know the exact language to include will run approximately $500 for a set of all three. The question becomes, is it worth the investment to you? Before you answer that, READ BELOW.
EXPENSIVE ALTERNATIVE TO NOT HAVING DOCUMENTS
Some ask is it worth paying an attorney to do these documents.
If documents are not in place it will require costly court intervention to deal with financial affairs and possible making medical decisions. This would be in the form of a Legal Guardianship where the courts appoint a person to represent an incapacitated person. Costs of guardianship can run higher than $5,000 between court costs and legal fees. A guardianship requires an attorneys services. another's.



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