Catherine Falk, the actor's daughter, recently filed a court document in Los Angeles Superior Court seeking approval for a conservatorship of her 81-year-old father, the Associated Press reports.
A hearing has been set for January.
According to the court papers, Falk requires full-time Alzheimer's care for his health and safety, TMZ.com reports. The paper also states a conservatorship would protect the actor from "fraud or undue influence."
Falk has been in the public's eye in television and film since 1957. He currently has a movie in post-production titled American Cowslip where he plays a character called Father Randolph, according to IMDB.com.
He has been nominated for two Academy Awards, both in the Best Supporting Actor category, and is also a five-time Emmy winner.
An estimated 5.2 million people in the U.S. are currently living with Alzheimer's disease. By 2030, it's estimated the number of individuals age 65 and older with the disease will reach 7.7 million.
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