Commonwealth Club Of California Podcast

Many families don’t expect that dementia will be a factor in financial decisions, but it is more common than we think. The challenge is that people can start having trouble managing their finances years before being diagnosed with dementia. Our expert panel delves into this subject so you will recognize when a loved one's capacity is declining and what to do about it. They will explain a dementia diagnosis, the implications of this condition on our planning abilities, and suggestions on how to create an advance directive with this outcome in mind. They will also discuss how families can navigate their financial matters, with their advisors, if faced with the unexpected issues of dementia. They will share some examples of the best practices of individuals and families who successfully prepare for the possibility of dementia, and share some pitfalls of not planning ahead for this increasingly common experience. The concept of having or losing the capacity for financial decision-making is vague to most people. Y