Holistic long-term planning is not simply a matter of hastily committing your final wishes to writing. There are a lot of things to consider with regard to the eventualities of aging, and when you look at the statistics careful planning is necessary if you want to be prepared.
You may not be aware of the fact that the oldest old, people 85 years of age and up, are the fastest growing age group in the country. Of course life is good, but there are some potential challenges that go along with reaching such an advanced age.
One of them is the possibility of incapacity.
There are various causes of incapacity among our nation’s seniors, but Alzheimer’s disease is the biggest culprit. According to the Alzheimer’s Association somewhere in the vicinity of 40% of the oldest older are suffering from the disease.
Alzheimer’s can deliver many different blows, and one of them is dementia. People who suffer from dementia can find it impossible to make sound health care and financial decisions.
To prepare yourself for this possibility you would do well to execute documents called durable powers of attorney. With these instruments you appoint individuals of your choosing to act in your behalf should you become unable to make your own decisions at some point in time.
This is just one of the bases that must be covered if you want to be comprehensively prepared for the future come what may. To discuss a holistic plan for aging with an expert, simply take a moment to arrange for a consultation with a good Waite Hill OH elder law attorney.