Nobody wants to be placed into a difficult situation at any time, but if you knew that a distinct possibility existed that you could face a challenge you would probably want to plan ahead to the best of your ability.
With the above in mind you would do well to understand the widespread nature of Alzheimer’s disease among our nation’s elders.
The Alzheimer’s Association website is a good source of information about the disease, and the New York Times has also published an in-depth report that is invaluable for people looking for information about Alzheimer’s disease.
There is a lot of information to digest if you want to research the topic, but one thing is clear: Alzheimer’s disease strikes a high percentage of senior citizens.
Once you reach the age of 85 there is close to a 50-50 chance that you will have Alzheimer’s disease. The disease strikes one out of every eight people who reach the age of 65.
Given this reality you must plan ahead intelligently if you want to be comprehensively prepared for the future. This is going to include the execution of durable powers of attorney empowering individuals of your choosing to make decisions in your behalf should you become incapacitated.
Many people who suffer from Alzheimer’s disease require nursing home care, some for extended periods of time. This care is very expensive, and Medicare won’t pay for it. This is another consideration.
Our firm can help you prepare for the possibility of incurring these expenses while assisting in the execution of the appropriate incapacity planning documents. To schedule a consultation simply give us a call at (563) 445-7400. You can also request an appointment electronically by clicking this link: Davenport Estate Planning Consultation