Cognitive Impairment And Alzheimer's Now Affects Almost 25% Of People Over The Age of 65 - Do You Have A Plan For Your Family?
This topic certainly causes much anxiety, and for that reason the conversation is often avoided. Having a plan in place will alleviate that anxiety and fear.
What is your plan if you or your partner starts to have some level of cognitive impairment? Do you have the necessary health and financial POAs, insurance, plan for different types of needed care, estate plans? Have you thought about how this might impact what is needed from you or your family. Writing a will, securing power of attorney, and other activities that dictate what happens to your health and wealth after an event aren’t fun—but they are necessary. Ignore them, and you risk your loved ones missing out on receiving all they deserve. We make certain that what you want to happen after any event is what actually happens. Schedule a call with us to speak with an expert on how to be prepared for these important issues.
Has your advisor worked with you to create a health and wealth plan for your family?
Longevity and Legacy conversations are also a particular planning focus for our firm. Longevity planning for us is not only about how long you will live or Long Term Care Insurance decisions, but also how to improve your longevity and life experience. Through direct family experiences with Alzheimer's (also a carrier of the APOE4 gene myself), as well as working with numerous client experiences, this is a variable that can affect your family's financial and emotional life in a monumental way. Approximately one out of nine (10.7%) people age 65 and older have Alzheimer's, and another two out of nine (22%) have mild cognitive impairment, according to Columbia University's Study We work with you to mitigate wealth risks, as well as educate on ways to reduce risk factors for development and/or progression of Alzheimer's disease and cognitive decline. We also provide additional longevity and health advice to ensure that you can enjoy pursuing the goals and dreams that you have planned. If you or a loved one lose their physical or cognitive health, everything else in life loses value.
Schedule a time with us to review the areas where we can help you make improvements to your financial and family life outcomes.