Hi Car Free:
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My mom was diagnosed at the age of 55 with Alzheimer's. She is now 68. Sorry you are dealing with this horrible disease. From reading you post, I immediately thought that it is really, really important to get your grandma to move near you. To make a very long story short: My mom was living in the home that she has always lived in when she was diagnosed, and had very little stable support system around her. My sister, who is more than useless, lived a mile away from her, and my father (they divorced 20 years before she was diagnosed) was still in contact with her. He is a pretty shady guy who likes to take advantage of people. I tried to get her to move near me (1000 miles away), but had no success because she simply did not want to leave her home (a reasonable position, except that she had Alzheimer's). My father ended up loosing his job and was living with her on a temporary basis shortly before she got Alzheimer's (not in a romantic way - she let him live there because otherwise he would be homeless). Well, when she got Alzheimer's, he ended up staying there to "take care of her." I was somewhat comforted by the fact that my sister, although useless to me, does and did love my mom and so I thought that she could be able to keep my father in check. I was wrong. I was only able to visit about 3 times a year (very expensive flight), but over the course of almost 10 years I saw her living situation get worse and worse, and her mental state deteriorate (worse than what it would have been had she had good care). For about a year before I got her down to live by me, she was so paranoid that my father and sister were stealing her money (she ended up being right), that she was calling crying nearly every day. Nonetheless, she gave my father power of attorney and re-wrote her will to leave him and my sister all her money and cut me out. My father constantly threatened her with things like "if I was not living here than you would be in a nursing home" She was terrified of that. I ended up fighting a legal battle to get her, and I won. She lost almost $40,000 over the 10 years or so that my father was living with her. I managed to get power of attorney, and a few weeks after I took control of her finances my father skipped town and my sister hasn't spoken to her since. When I finally got my father out of her life and cleaned out her house, her sheets had not been changed in over a year (and she was incontinent), she rarely took her meds, and there were mice so plentiful in her house that they were eating through her toothpaste tube in the bathroom drawer. I had to spend $10,000 to get the house habitable enough to rent out. Mold was everywhere. Fortunately, her sister and I worked together on everything, so I was not alone (we have no other family)
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Anyway, not that that kind of scenario would happen to most families, but if you are in fact her only reliable support system, you need to get her to move near you. It is very very important. She could sign away power of attorney to anybody at any minute - even the barber or the garbage man, and you being so far away would be powerless. Alzheimers is a nasty disease. It not only affects your memory but everything else that the brain controls, which is everything. My mom went from being a kind a sweet gently person to being (on occasion) incredible violent and scary at times. Your grandma will not be able to take care of herself, but people with Alzheimer's can easily fool family members who are far away into thinking that things are ok. It will be much easier to move her now than when things progress.
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I would also echo Shanti about the importance of getting her legal paperwork in order. However, keep in mind that she can change power of attorney at any moment without your knowledge. Also, Medicaid has a 7-year lookback in most states, so if she has a lot of money you may have time to protect some of her assets now. If she runs out of money and medicaid kicks in they don't even pay for extras like depends, soap, or shampoo. It usually also doesn't pay for assisted living, so you need to consider if she has enough money to live in assisted living and not end up in a nursing home before she is ready (which medicaid will pay for). My mom has $60,000 left, and is showing no signs of dieing anytime soon. I worry every day that she will run out of money before she is ready for a nursing home. Financially, Alzheimer's takes a big toll and is incredibly stressful.
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Things are really good for my mom now. She is in about stage 7, so she no longer knows that she has Alzheimer's and is re-living her happiest days (she is in college most of the time). The first few years were the worse because she knew what she had and how she would eventually become. She was young though, I suppose it may be different with somebody in their 80s. I see her every day and my 3-year old has a wonderful relationship with her. So, things are good now, but they were really hard at first, and had I been able to get her to move with me as earlier, a lot of the pain could have been avoided.
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Oh, and Aricept may delay it. I don't know if it did for my mom. My mom is on a lot of drugs (seriquel and halidol being the most important).
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Good luck. You are a wonderful person for wanting to help her. It is a long, long road.