Frazier Allen: Creating the Financial Plan for Those with Dementia
June 13, 2016
Clarksville, TN – These five topics cover distinct financial-management issues and caregiving plans. Ideally, you will have these conversations with your loved one and that person’s financial advisor in the mild decline stage of Alzheimer’s, or even before the diagnosis.
If the disease has progressed beyond this period, you—or the designated power of attorney—may need to have these discussions solely with the advisor. It is important for you and the advisor to understand the source and destination of your loved one’s finances so you can help when the individual may no longer be able to communicate his or her wishes.
Alzheimer’s disease
Frazier Allen: Caring for Your Loved One – The Three Stages of Decline
June 12, 2016
Clarksville, TN – If you suspect a loved one is experiencing cognitive decline, it’s critical to discuss financial, legal and caregiving plans immediately.
Alzheimer’s is a progressive disease that includes three basic stages: mild, moderate, and severe.
Denial is one serious challenge families often face with Alzheimer’s. Due to the progressive nature of the disease, people with Alzheimer’s and other forms of dementia have a limited window in which they will be able to articulate their wishes for future care, living arrangements, finances, and legal matters.
For this reason, it’s important for families to discuss their concerns and work through this denial phase in the mild stage of cognitive decline.
Start the conversation – Talk with your loved one about financial, legal, and caregiving plans. The earlier planning begins, the more involved your loved one will be in the process.
