Planning for diminishing capacity is essential to ensure that personal, financial, and healthcare decisions align with one’s values and wishes as cognitive or physical abilities decline. Without a well-thought-out plan, individuals may face legal complications, financial mismanagement, or medical decisions made by others who may not fully understand their preferences. Establishing powers of attorney, advance healthcare directives, and financial safeguards allows for a smoother transition and reduces stress for both the individual and their loved ones. Proactive planning fosters autonomy, protects assets, and ensures that critical decisions are made with clarity and foresight, rather than in moments of crisis.
ACTEC Fellows Matthew (Matt) R. Hochstetler and Toni Ann Kruse discuss the critical steps needed to plan for incapacity or dementia.