We know you're worried.
You have a loved one who's showing signs of memory loss and you're concerned that it might be Alzheimer's Disease...or perhaps your loved one has already been diagnosed.
In either case, you're concerned about getting them good care and wondering where you'll find the strength to carry on throughout the course of a disease that can sometimes last for 10 or even 20 years.
And when you think about the cost...you begin to worry if you might lose everything to Alzheimer's.
"What Steps Should I Be Taking Right Now?"
Of course, it's important that you talk to your doctor as soon as your loved one starts to show signs of memory loss.
The place to start would be with your family physician or internist. From there depending upon the results, the doctor may suggest that you see a neurologist (someone who specializes in Alzheimer's and memory loss as well as other related diseases).
But even if the medical side of things is being handled, there are several crucial steps on the legal and financial side of things which you should consider immediately. That's because the cost of care for someone with Alzheimer's is incredibly expensive. Studies show that the cost of care in Massachusetts can average more than $144,000 a year for an Alzheimer's patient. A 5 Year stay in a nursing home could end up costing more than $750,000.
And while that may sound outrageous...when you consider that the cost of adult daycare is often $75 per day or more...or that the cost for an Alzheimer's nursing homes in Massachusetts averages nearly $12,000 per month and you quickly realize that the $144,000 a year and the $750,000 (5 year) figures may be low!
|That's why you should take steps now...while you can still plan. After all, who can afford $6,000 per month for Alzheimer's assisted living or $12,000 per month for nursing home care without some assistance?
Fortunately, there are often programs available to help you if you act now and plan ahead.
The first step is to consult with an attorney who works with Alzheimer's clients.
It's critical that you and your loved ones have a chance to put the proper planning in place while there is still time. The simple fact is that none of us knows how much time we have on this earth. When Alzheimer's or memory loss is part of the equation, however, life becomes more complicated.
That's because you may "know" exactly what your spouse or loved one would want. But if those wishes have not somehow been put down in writing, then the law may not recognize your supposed "knowledge." In legal-speak, it's considered heresay and has no legal merit.
|Instead, the law in Massachusetts says the Alzheimer's patient must have the legal capacity (i.e. the ability to understand) the planning steps. For that reason, that's why we suggest you act right now...while the Alzheimer's patient can participate in the planning. The longer you wait, the greater the risk becomes.
Information is Power
While the consequences of Alzheimer's can be stunning, it is important to remember that there is good information available to you and your family.
Our firm has helped hundreds of families in Massachusetts, and we have prepared a FREE 9 Step Plan that addresses some of the most common, real-world issues faced by people like you...it's full of answers to questions that we hear on a daily basis.
Here are some of the strategies our guide reveals...
- Learn how to get support for yourself and improve the quality of life for your loved one
- Learn how to find the right nursing home or assisted living facility, how to get good care while there, and how to pay for it without going broke.
- Discover a little known benefit for veteran's and their spouses that could help cover the high cost of home health care.
- Learn what financial assistance programs that may be available to help cover the cost of your loved one's care
- Discover the Secrets of Estate Planning for people with Memory Loss or dementia
- Learn about the differences between Medicare and Medicaid...and what those differences mean for your loved one
- Learn about the critical legal document that you should have in place right now
- Find out how you can avoid the costs and delays associated with probate and protect your home from an estate recovery claim by the state.
- ...and much more!
...because everyone's situation is unique, you'll also have the opportunity to attend an Estate and Asset Protection Workshop and then meet with a qualified Elder Law professional on a complimentary basis. We'll be happy to answer any questions you may have about your situation and the steps you should be taking.
I strongly encourage you to request your free, no-obligation copy of The Plain Truth About Alzheimer's Disease. It explains some of the strategies that smart families are using to protect their loved ones right now.
Dennis B. Sullivan CPA and Counselor at Law
P.S. Making informed decisions may become difficult or even impossible over time. The longer you wait, the greater the risk becomes. But with proper planning, you will ensure that you've taken the best steps possible to protect your loved ones and your family's financial security.
Do it now before it's too late!