Wednesday, July 22, 2015

DEALING WITH DEMENTIA

According to the Alzheimer’s Association, one in three seniors in the United States contracts Alzheimer’s or dementia.   Memory loss is a devastating disease and requires selfless acts of giving from family and friends to help those who are suffering.  Some of the first signs of dementia are a person’s declining financial abilities.  As an advisor to clients, my main objective is to help ensure the disease of memory loss does not lead to a financial crisis.  If you have a loved one suffering from dementia or Alzheimer’s, then  using a trusted advisor can serve as a wonderful tool to help begin the conversation of protecting assets from the long-term effects of the disease.  We can ask the tough questions to begin the conversation.  The path to long-term financial security in the wake of dementia can begin with a simple conversation.

Nick S. Wold, CPA, MA

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