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.
Check to see that you have the following documents and that they are up to date:
Information on Planning
Contact the Alzheimer's Disease Education and Referral (ADEAR) Center at 1-800-438-4380 or www.nia.nih.gov/alzheimers for more information on planning for health, legal, and financial matters.
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. Someone should check each month to see how the person is doing. This person might be a family member or the trustee.
People with AD also may be victims of financial abuse or "scams" by dishonest people. There can be telephone, mail, e-mail, or in-person scams. Sometimes, the person behind the scam is a "friend" or family member.
Scams can take many forms, such as:
Here are some signs that the person with AD is not managing money well or has become a victim of a scam:
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. For help finding these offices, contact Eldercare Locator at 1-800-677-1116 or www.eldercare.gov. For a list of state consumer protection offices, see www.usa.gov/directory/stateconsumer/index.shtml. You can also look in the telephone book for a listing in the blue/Government pages.
Publication Date: July 2012
Page Last Updated: April 25, 2013