Saturday, August 4, 2012

Early Planning Helps with the Financial Burden of Dementia

brain2 e1343662520271 Early Planning Helps with the Financial Burden of DementiaThe emotion burden placed on a family dealing with a loved one?s diagnosis of Alzheimer?s or any other form of dementia can be enormous, but the financial burden doesn?t have to be if planning is done early.

If you or someone you love has a family history of dementia or is in the early stages of the disease, you can ease the financial burden by:

Getting expert advice ? a Maryland estate planning attorney can help you establish the legal framework for the transfer of assets and decision-making authority.

Establishing advance directives ? these help to legally guide a person?s financial and healthcare future, and can include a living will, living trusts, and financial and medical powers of attorney.

Having a long-term plan ? whether it?s purchasing long-term care insurance or having a plan to spend down assets in order to qualify for government assistance programs, a long-term plan needs to be created ? hopefully before a dementia diagnosis makes it an imperative.? People with dementia can live many years, and the cost for their support can ruin a family?s finances.

An experienced Maryland estate planning attorney can help you understand all your options for estate planning.? Experienced Estate Planning Attorneys Linda T. Cox and Seth B. Zirkle can discuss all your options and create a plan with you.? Call Ms Cox or Mr. Zirkle at Hyatt & Weber, P.A. today at 410-505-4553.

Source: http://hyattweberestateplanning.com/estate-planning/early-planning-helps-with-the-financial-burden-of-dementia/

tiny houses bon iver joan of arc tony robbins abraham lincoln vampire hunter their eyes were watching god lara logan

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.