Regular readers of this blog know that it's never too early to start making plans for how your assets and property will be divided after you're gone. But death isn't the only event that could prevent you from making the right choices about your estate.
There are many other circumstances that require early planning, and chief among them may be dementia. According to the Alzheimer's Association, 1 in 3 senior citizens dies with some form of dementia, and there's no telling just when it will begin to take effect or how rapidly it will progress. Once it does, sufferers begin to lose the capacity to make important decisions; this includes allocating money and possessions to their loved ones.