When creating wills and trusts Greg needs proof his clients have the mental ability to make the necessary decisions.The benchmark is fairly low such as knowing where you are, knowing what assets you have, and being able to make a decision about them. The ability only needs to be there at the time of decision such in the case of varying levels of lucidity in the early stages of dementia.
Warning signs to look for:
A parent needs advice from a child before answering questions.
Trouble expressing themselves in words.
Trouble remembering past events such as past employers and dates
Major changes that are inconsistent from long held values.
If Greg suspects his clients doesn’t have the proper ability he will ask for notices from the family doctor or even order a neuro-psychological exam.
Give Greg a call when it’s time to start estate planning for yourself or relatives.