Concussions in professional sports is an occupational hazard and a very real problem. The NFL estimates that each player has approximately a 30% chance of contracting Alzheimer’s or some other form of dementia. This fact puts focus on the potential for incapacitation and its effects. Accordingly, as for NFL players and the like, it is important to have your estate plan in place. You should find an estate planning lawyer who has experience with clients that suffer from Alzheimer’s and dementia. Additionally, you should consider appointing an independent third party as an executor, which will alleviate any potential family problems. You should also draft a provision in your documents that requires a medical evaluation to be done when there is any change to the documents. Lastly, determine your wishes, so that they can be carried out in the manner you intended.
See Kansas & Missouri Estate Planning Blog, What Can NFL Players Teach Clients About Dementia?, Wealth Management, October 10, 2016.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
