Receiving a diagnosis of dementia is a life-altering moment, both for the individual facing the diagnosis and their close ones. As the reality of living with this condition sinks in, one of the most vital steps to take is getting your affairs in order. While this task might appear daunting, organising your financial, legal, and personal affairs can bring a sense of control and calmness during this uncertain period. Andrea Bingham, Head of Wills and Probate at JMP Solicitors, offers guidance and highlights key steps to consider.
Effective Communication
Before delving into the practical aspects of organising affairs, it’s crucial to engage in open and honest conversations with your loved ones. Discuss your concerns, and preferences concerning your care, living arrangements, and finances. Clear communication can mitigate potential conflicts and ensure everyone is on the same page.
Legal Considerations
If you haven’t yet made a Lasting Power of Attorney (LPA), now is the suitable moment to do so. An LPA grants authority to a trusted individual to make decisions on your behalf when you’re no longer able to. This designated person, referred to as an attorney, can manage financial, health, and welfare decisions based on your predetermined wishes.
Will and Estate Planning
Revise or create your will to guarantee that your assets are distributed according to your intentions. Seek legal advice to address intricate matters and ensure that your estate planning aligns with your current situation.
Financial Arrangements
Streamline bank accounts where possible and notify your financial organisations that you have a Property & Finance LPA in place. This can simplify management for your attorneys and minimise the risk of confusion.
Set up automated payments for bills to ensure your financial commitments are met even if your ability to handle them diminishes.
Healthcare Preparation
Document your preferences for medical treatments, end-of-life care, and other medical decisions by making a Health & Welfare LPA.
Housing and Property
Evaluate the sustainability of your current living arrangement as your condition progresses. It may be necessary to explore assisted living, nursing homes, or in-home care alternatives.
If you own property, decide on its management and maintenance preferences. Your attorney can oversee property-related matters on your behalf using your Property & Finance LPA.
Organising Documents
Compile important documents like insurance policies, bank statements, legal papers, and contact details in a central location. This simplifies access for your attorneys and loved ones.
Emotional Support:
Coping with dementia can be emotionally taxing. Seek emotional support through counselling, therapy, or support groups. Connecting with those undergoing similar experiences can offer solace and insights.
How can JMP Solicitors help?
While arranging your affairs after a dementia diagnosis might feel overwhelming, remember that you’re taking proactive steps to ensure your wishes are honoured and your loved ones are assisted. Andrea Bingham and her team are here to offer support and advice. Call 01476 565 295 to schedule an appointment and receive the guidance required to navigate this journey successfully.
