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. Yet it is understandable when you know the legal components of financial capacity.

The concept of preparing for a loss of capacity can be a scary thing to face. Yet it can be comforting to learn the definite ways to manage your financial affairs, so they can be handled in your best interests and in line with your values and expectations.

SPEAKERS

Catherine A. Madison

M.D., Founding Director, Ray Dolby Brain Health Center, California Pacific Medical Center

Gretchen Hollstein

CFP, Senior Wealth Advisor and Managing Director, Litman Gregory Wealth Management

Natalie Oh

CLU, Insurance Professional, Taran Insurance Advisory

Denise Michaud

Chair, Grownups Member-Led Forum, The Commonwealth Club of California—Moderator

In response to the COVID-19 pandemic, we are currently hosting all of our live programming via YouTube live stream. This program was recorded via video conference on October 27th, 2021 by the Commonwealth Club of California.

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