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My grandmother had a series of strokes that took her from Friday being fine to Monday with full blown dementia. It is difficult when it happens quickly.
A certified elder law attorney can help you navigate through this situation.
nelf.org is where we found ours.
Best of luck and a great big warm hug for you.
If she has no assets, and holds accounts jointly, the issue of estate planning is moot.
With rapid memory loss, though, you're wise to address this now.
If she does have disposable assets, I would read some estate planning guidelines of firms in your area before choosing an elder law or estate planning attorney, as you want to be sure that you're getting someone very experienced, knowledgeable and amenable to working with someone facing declining memory.
Check your state's or county's bar association for practice area groups, identify the EP and EL firms, review their websites, get pricing (hourly or by EP package planning), and raise the memory loss issue before you decide on someone.
At this same meeting, if your mother wishes, the attorney can also help her create a Last Will. If the attorney has experience with estate planning and Medicaid qualification, I strong recommend you also discuss this as well. Some attorneys will give a free consult for their first meeting with you. Even after that, it is an excellent investment of effort and money.
Medically, she needs to ask for the Medical Representative form at every one of her doctor's offices and assign you as her MR. Without this the team cannot discuss her medical info with you without her being present. This is part of HIPAA rules. It is also very important that, with her primary physician's input, she fill out a Living Will so that she does not receive too little or too much intervention to prolong her life if she is unable to make those decisions herself. One copy goes to you and the other to her physician's office for their files. Once you have these documents in place, you both can breath easier.
Even if she has lost her memory, can she still understand legal documents that she is signing in the moment?