Link between dementia and managing money
The New York Times reportson the difficult questions raised for lawyers, doctors and financial advisers when a client begins to show signs of dementia.
New research shows that one of the first signs of impending dementia is an inability to understand money and credit, contracts and agreements. It is not just families who are affected — financial advisers and lawyers say they are finding themselves in a bind when their clients’ minds seem to be slipping….All too often, though, no one protects people who are losing their capacity to execute documents and their judgment about finances. Their stories of decisions gone awry tend to end badly.