Alzheimer’s & Estate Planning
Posted: August 17th, 2011 | Author: mwight | Filed under: Estate Planning, Financial Planning, Health, Retirement | Tags: Advanced Directives, Aid & Attendance, Alzheimer’s, Dementia, Long Term Care, Medicaid, NAELA, Power of Attorney, VA Pension | No Comments »A diagnosis of Alzheimer’s disease can be devastating for everyone involved, including the patient and all of their family members. Should you be facing this diagnosis, there are probably a million thoughts racing through your mind, from keeping your loved one safe to caring for them as the disease progresses. One thing you might not think about is the need for estate planning. As a recent article by Reuter’s explains, if you or someone you love has a family history of dementia, is showing symptoms of Alzheimer’s or is concerned about later-life planning, it’s time to get to work.
You’ll want to assemble a team that specializes in long-term planning and elder care issues. A good place to start is the National Care Planning Council (NCPC). The NCPC and their website www.longtermcarelink.net are a very comprehensive resource for Eldercare (Senior Care) and Long Term Care Planning. Idaho Estate Planning is a founding member of the Idaho Care Planning Council and the Treasure Valley Care Planning Council. Both are a part of the NCPC network.
At Idaho Estate Planning we can help you navigate the elective transfer of decision-making authority through a power of attorney or trust and can help you qualify for needs-based programs like Medicaid and Veterans Pension Benefits if necessary. We set up a legal framework through which the client and his or her family can transfer assets and decision-making responsibilities.
Alzheimer’s is the sixth leading cause of death in the U.S., with 5.4 million Americans suffering from the disease. So, health care proxies will be another important aspect of your legal plan.
You may want to read 2 previously posted blogs titled Maintaining Control of Your Healthcare Options and Recognizing the Signs of Dementia. When dealing with Alzheimer’s and other forms of dementia it is critical to start NOW. At Idaho Estate Planning, we can help you find the resources you need to put your long-term care plan together. We have the experience and expertise to help you maintain your options and protect yourself as well as your loved ones now and into the future. Remember, good planning is no accident!
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