Being comprehensively prepared for the future involves planning ahead for the possibility of incapacitation. We all know there are numerous different causes of incapacity, but the most significant one for senior citizens is Alzheimer’s disease.
When you understand the facts about Alzheimer’s disease it becomes impossible to keep your head in the sand assuming that you will never go through a period of incapacitation.
The New York Times has done an excellent job researching the subject and they have published an informative report on Alzheimer’s disease. This report contains a plethora of information, but one statistic that stands out is the fact that nearly 50% of the oldest old (people at least 85 years of age) are suffering from Alzheimer’s disease.
More and more people are living into their mid-80s and beyond. In fact, the group of individuals who are between 85 and 94 years old has been growing faster than any other ten-year age group.
Planning for the possibility of incapacity is going to include the execution of durable powers of attorney for health care and financial matters. If you have a living trust you could include the selection of a disability trustee.
Many people who suffer from Alzheimer’s disease need long-term care. Preparing for these costs is another part of the equation.
The best way to address the eventualities of aging is to sit down and discuss everything with a good elder law attorney. Our firm offers free consultations, and we would be glad to talk things over with you. You can get in touch with us by phone at (631) 265-0599.
An alternative would be to send us a message after clicking this link: Free Elder Law Consultation