Legal and Financial Considerations for Seniors with Alzheimer’s

As we journey through life, certain challenges may arise that demand careful planning and consideration. One such challenge is Alzheimer’s disease, a progressive neurological disorder that primarily affects the elderly. “There are a number of legal and financial considerations for seniors with Alzheimer’s and their families,” points out Izzie Sadler, executive director of the Sowega Council on Aging (SCOA), which coordinates a wide range of services for seniors in a 14-county southwest Georgia region. “Planning for the future is an act of compassion, both for the senior and their loved ones. It allows for a dignified and well-considered path forward, even in the face of Alzheimer’s.”

Understanding Alzheimer’s Disease

Alzheimer’s disease is a debilitating condition that gradually impairs cognitive functions, affecting memory, reasoning, and even basic daily tasks. With its unpredictable trajectory, Alzheimer’s can place seniors in vulnerable positions, necessitating a proactive approach to legal and financial planning.

Legal Considerations

One of the most important aspects of planning for the future involves legal preparations. SCOA offers legal services for seniors age 60+ through the Georgia Legal Services Program. In this program, volunteers and attorneys, along with one supervising attorney, provide reduced fee services upon referral from the coordinator. Those needing legal advice can contact SCOA at 1-800-282-6612 to learn more. 

Establishing legal frameworks ensures that the individual’s wishes are upheld, even as the disease progresses. Sadler emphasizes, “Early legal planning is essential for seniors with Alzheimer’s. It empowers them to make important decisions while they still have the capacity to do so.”

Advance Directives

Seniors should consider creating advance directives, such as a living will or durable power of attorney. These documents designate trusted individuals to make medical and financial decisions on their behalf when they are no longer able to do so.

Guardianship or Conservatorship

In cases where legal capacity has diminished significantly, families may need to pursue guardianship or conservatorship. This legal process grants a designated individual the authority to manage the senior’s affairs.

Estate Planning

Drafting a comprehensive estate plan, including a will or trust, ensures that the senior’s assets are distributed according to their wishes. This safeguards the financial well-being of both the individual and their loved ones.

Financial Considerations

Financial planning is equally critical to ensure that seniors with Alzheimer’s have the necessary resources to maintain their quality of life and cover their medical expenses.

Long-Term Care Costs

Alzheimer’s often requires specialized care, which can be costly. Families should research long-term care insurance options and government programs that may help alleviate the financial burden.

Asset Management

Sadler notes, “Seniors may consider designating a financial power of attorney to handle their financial affairs. This may prevent potential exploitation and ensures that bills are paid, and investments are managed appropriately.”

Medicaid Planning

As Alzheimer’s care expenses mount, seniors and their families should explore Medicaid planning strategies to qualify for government assistance without depleting all their assets.

Emotional Considerations

Amid the legal and financial aspects, it’s crucial not to overlook the emotional toll Alzheimer’s can take on seniors and their families.


Open and honest communication within the family is vital. Seniors should express their preferences while they are still able, and families must be prepared to respect and honor these wishes.

Quality of Life

As Alzheimer’s progresses, decisions must balance medical interventions with the individual’s overall quality of life. Sadler stresses, “Families should focus on what brings joy and comfort to the senior, even if it means adjusting medical treatments.”

Navigating Alzheimer’s disease requires a multi-faceted approach that encompasses legal, financial, and emotional considerations. By proactively addressing these matters, seniors and their families can alleviate potential stress and ensure that the individual’s well-being is prioritized throughout the journey.

In the face of Alzheimer’s disease, it’s important to approach the future with preparation, compassion, and a comprehensive plan that encompasses legal, financial, and emotional considerations. By taking these steps, seniors and their families can navigate the challenges of Alzheimer’s with grace and ensure that the individual’s well-being is upheld throughout the journey. As Sadler reminds us, “Planning for the future is a profound expression of love and care, a way to honor the individual’s wishes and preserve their dignity, even in the midst of Alzheimer’s.”