Legal Question in Wills and Trusts in Ohio
My soon-to-be 50 year old wife was diagnosed with Early Onset Alzheimer's almost a year ago. Her symptoms are progressing faster than I anticipated and I'm looking into ways to care for her, take care of her/our affairs and be able to pay for her medical treatment. She cannot work and our annual income has dropped from $125K to $50K. We don't have many assets nor do we have any savings, so this isn't about "getting everything". (We're currently losing our home.) I just want to be sure I can take care of all the medical & legal issues as they arise. Should I have her declared mentally incompetent? Just apply for guardianship & POA? I'm lost....
1 Answer from Attorneys
Since you are not married, your access to her care and records are limited unless certain documents are prepared. Your fiancee can prepare a financial power of attorney naming you as the attorney-in-fact. She can also appoint you the decision-maker in her living will and power-of-attorney for health care. If she becomes your ward under a guardianship of the person and the estate, there are filing and reporting requirements. I suggest that the two of you consult with an attorney for this serious development in your lives. Best of luck.