Estate Planners Should Prepare for Dementia

As the baby boomer generation continues to age, issues with dementia and Alzheimer’s will become more prevalent.  “Diminishing capacity is a big problem for financial advisers, and can cause the elderly to make unwise financial decisions.”  Clients should plan ahead by including a “dementia protocol” in their estate plan.   Having a dementia protocol in place is a good way to be prepared for any situation where an elderly client might lose capacity.

See Barbara A. Friedberg, Advisors Should Consider a ‘Dementia Protocol,’ Investopedia, 2015.