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More families are facing the difficult reality of cognitive decline in parents or loved ones. What happens if dementia sets in before an estate plan is updated? Can changes still be made, and how do you know when itโs too late? In this episode, Nick breaks down testamentary capacity, the legal standard for whether someone can create or update a will or trust, and shares what options families have when a loved one begins showing signs of decline.
Hereโs some of what we discuss in this episode:
๐ How attorneys test for mental capacity
๐ซ Why hiding problems from your lawyer backfires
โฐ Why estate plan checkups are essential
๐ก๏ธ Steps to ensure documents are legally airtight
๐ง What โtestamentary capacityโ really means
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