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How advanced is wife's dementia?
And what do you mean, you've applied for POA? You've applied to whom? Only your wife can give you POA, and if her dementia means that she is not able to understand what she is doing then she can't do that either.
If you need to manage things like money and care services for your wife, you can apply for guardianship, which is awarded by the court system with the approval of a judge. You still won't be able to change her will, though.