Dementia never appears in an instant.  Rather, it is a gradual decline that families often initially attribute to “forgetfulness”.  The prevalence of dementia and Alzheimer’s disease is increasing with an estimated 16 million suffering from the disease within the next 35 years.  Knowing and accepting this reality is a great first step, planning for it is the next.

It is important to plan for the possibility that you may need dementia related care, often referred to as “memory care”, for several reasons:

1. Residential

If you or your family is concerned about dementia, touring memory care and assisted living communities now will allow for your input.  For example: do you personally prefer a large community with many other residents, or smaller community with fewer residents?

2. Financial

Working with your family, elder law attorney and investment advisor allows you to express your wishes with regard to finances.  This discussion could range from how to pay for long-term care, how to protect assets from the high cost of care, and who ultimately receives everything you worked your whole for when you die.

3. Legal

Signing financial and healthcare powers of attorney while you are healthy lets you choose who will help you make legal, financial, personal, and medical decisions if you are unable to do so.

These recommendations can be easily summarized:  Choice.  Planning now gives you the opportunity to decide where you will receive care if needed, how you to pay for this care, and who will help make sure your wishes are carried out.

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About Bryan Adler

Bryan Adler, Esq. is a Philadelphia based Certified Elder Law Attorney with offices in Trevose and South Jersey. Mr. Adler contributes educational articles and is a speaker on elder law topics including: life care planning, asset protection, veterans’ benefits, guardianship and related topics throughout Greater Philadelphia. Mr. Adler is a member of the National Academy of Elder Law Attorneys, serves on the Advocacy and Litigation Steering Committee, a Veterans Administration accredited attorney, a member of the Pennsylvania Association of Elder Law Attorneys and the Life Care Planning Law Firms Association, and a past member of the Hospice of Pennsylvania Ethics Board. Mr. Adler is a council member of the Drexel University School of Law Alumni Council. A graduate of Pennsylvania State University and Drexel University School of Law.

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