05/12/2026
One of the hardest phrases families hear after a dementia diagnosis is: “It’s too late.”
Too late to update the estate plan, too late to fix the trust and too late to make meaningful changes.
But in many situations, that’s not entirely true.
One of the biggest misconceptions about estate planning is that the documents themselves are the whole plan. They’re not.
The ownership of assets matters, beneficiary designations matter and powers of attorney matter.
And sometimes, the opportunities that still exist come from understanding how all of those pieces work together.
Today, I walk through a real-life scenario involving a family dealing with dementia, outdated estate planning documents, and the assumption that nothing more could be done.
Here are a few important takeaways:
• A dementia diagnosis does not automatically eliminate all estate planning opportunities.
• Existing powers of attorney may still allow trusted family members to act on behalf of an incapacitated spouse.
• Joint ownership and beneficiary designations can dramatically impact what flexibility still exists.
• Many revocable trusts were never properly funded in the first place, which sometimes creates more flexibility than families realize.
• Updating powers of attorney after one spouse becomes incapacitated can prevent major administrative headaches later.
• “Imperfect” estate planning does not necessarily mean “hopeless” estate planning.
And somehow this all connects back to a homemade Velcro running shirt I invented with my mom in the late 90s.
If you’re helping aging parents, navigating dementia in your family, or wondering whether an old estate plan still works for your life today, I think this episode will resonate with you.
Check out the full conversation here:
What happens when a parent develops dementia and an attorney tells your family it’s “too late” to update estate planning? In this week’s Tuesday Triage episo...