According to Forbes, one in eight baby boomers will get Alzheimer’s after they turn 65. That in itself is enough reason to do your estate planning. If your planning is done – meaning you’ve done a durable power of attorney and a revocable living trust – then incapacity won’t require a court proceeding and court monitoring, And the agent you choose (your spouse, child or friend) will manage your affairs as needed, not someone the court appoints.
What about your parents? Have they done their estate planning? If so, talk to your parents and make sure they get their estate planning done. Otherwise you and your siblings will be left to clean up the mess.