When you are planning your estate the eventual distribution of your financial resources to your heirs is probably going to be foremost on your mind, and rightly so. However, there are some other components that your estate plan should contain, and we would like to highlight three of them that are often overlooked. 1.) Durable Powers of Attorney Alzheimer's disease alone makes incapacity planning a must. Upwards of 45% of people who are at least 85 years old have Alzheimer's, and this is …
Alzheimer’s Disease: Know the Facts
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 …
Authorize Release of Medical Records
The process of estate planning should include comprehensive preparations for all the contingencies that may present themselves as you enter your twilight years. With this in mind you would do well to speak with an estate planning attorney about incapacity planning. It should be noted that people of all ages should have an incapacity plan in place. Nobody has a view into the future, and accidents and catastrophic illnesses can strike anyone at any age. The above having been noted indeed, …
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