ipl-logo

Financial Planning Case Study Alzheimer's

571 Words3 Pages

Per the Alzheimer’s Association, “Up to 5% of the more that 5 million American’s with Alzheimer’s have younger –onset” Alzheimer’s. It is imperative that financial planning be done soon after diagnosis. Decisions should be made while the person is able to understand the many facets of the financial planning process. The first step is to make sure all the important financial information is in one place and to share with someone you trust where these documents are located. If all the documents are in a safe deposit box, keep copies in a file at home with the location of the safe deposit box and key. The standard items to be combined are the will, power of attorney, and health care proxy. The deed to any property, insurance policies as well as any vehicle titles and registrations should be included. Provide an extensive contact list to include your financial advisor, attorney, accountant, bank contacts, doctors and any relatives and friends you would like contacted in the event of your death. A listing of accounts and their corresponding passwords should also be included. Investment account statements and the most recent tax return are a good addition. Each person’s …show more content…

Discerning the best person to act as your agent is very important. This person should be included in your planning from the beginning. Ask them to assist you with reviewing existing insurance policies to see if the policy will cover the cost of future care. Solicit their assistance with your finances. Introduce your agent to your financial advisor. Make your advisor aware of your diagnosis as investment goals can change with major life events. Your financial advisor can help you plan for your current and future needs. Your advisor may also be able to assist you in putting together a team of professionals ( attorneys and accountants) that will be able to assure that all your necessary planning is done prior to the disease

Show More
Related

  • Per Stirpes Rhetorical Analysis

    478 Words  | 2 Pages

    In your estate plan, properly designating beneficiaries is equally important as choosing your beneficiaries. As inferred in the article Considerations for Choosing Your Beneficiaries, choosing additional beneficiaries to designate as alternate beneficiaries in the event a primary beneficiary predeceases you would help in avoiding unintended consequences. However, there are two additional beneficiary designations available to consider in such a situation: per stirpes and per capita. The use of per stirpes or per capita requires careful consideration because the beneficiary designations are more general in usage. Designating Beneficiaries Using Per Stirpes

    Read More

  • 401k Retirement Savings Account: Case Study

    64 Words  | 1 Pages

    401K Retirement Savings Account is needed for the employees and their families. It is needed because it helps the employee save money towards their retirement before taxes are taken out reducing your tax bill for the current year. As our employee, you have the option to control how your money is being invested through a spread of stock, mutual funds, money markets and etc.

    Read More

  • Unified Credit Exemption

    1502 Words  | 7 Pages

    Answer: if someone passes away and they do not have a will, their estate will enter intestate procedures. Each state has different procedures for handling assets these assets, but the fundamentals are technically the same. Within most states a percentage of the assets (ranging from half to two thirds) will go to the deceased children, with the remaining going to the spouse. If one of the parties mentioned above are non-applicable, the assets would shift fully to the applicable party. Complication may arise is there are no children or spouse alive.

    Read More

  • Unit 3384 Research Paper

    989 Words  | 4 Pages

    It provides the opportunity for prompt evaluation of the patient and possibly administer tests and treatments for reversing and determining the causes of memory loss. In addition, early diagnosis provides time for patients and families to prepare for the future and most importantly it maximizes the patients opportunity to contribute to their own care planning process. As previously stated, the diagnosis of dementia most commonly takes place in the primary care setting. During primary care visits with older or elderly people the interactions tend to be brief and patients often present multiple health conditions that they are experiencing. It can be challenging for the physician to pin point those intersecting health concerns with Alzheimer’s if they are not properly trained to do so.

    Read More

  • The Inheritance Games By Jennifer Lynn Barnes

    558 Words  | 3 Pages

    The will could usually include ”a cash endowment given to children or grandchildren, but an inheritance may also include assets like stocks and real estate.” (Smith 1). Next, the will is submitted to the probate courts, where they will transfer the properties and assets. After the will is read over, the assets will be distributed to the proper heirs. In the novel, it shows the distribution of the assets, money and property in relation to the inheritance.

    Read More

  • Why Is Long Term Care Insurance Important

    302 Words  | 2 Pages

    Dementia care may also be covered under long-term care planning. Long-term care insurance can help you save a lot of money. Many people who do not have long-term care insurance are forced to exhaust their assets. However, you can protect your assets by getting long-term care insurance. It is important to note that most people will require some form of

    Read More

  • Advance Directives: End Of Life Care

    993 Words  | 4 Pages

    There are several different types of advance directives that a person can choose from, you can also elect to complete more than one advance directive. A patient can nominate someone to be their health care proxy or durable power of attorney, this person will make health

    Read More

  • Persuasive Essay On Fibromyalgia

    1057 Words  | 5 Pages

    and I don’t see remission in my future. I worry what the future holds and where I will be in 10 years. How will I take care of myself. Who will I have when my parents are no longer around? Taking life one day at a time is all I can do and that is scary in and of itself.

    Read More

  • The Long Island Alzheimer's Foundation Case Study

    273 Words  | 2 Pages

    The Long Island Alzheimer’s Foundation (LIAF) is a social model day program for individuals with Alzheimer’s disease and other related memory disorders to help improve their quality of life. LIAF is located in Port Washington, NY and offers services to treat individuals with early, moderate and late stage Alzheimer’s. The agency population is comprised of male and female participates with ages ranging from mid-fifties to late-nineties who all suffer from Alzheimer’s disease. LIAF biopsychosocial are done during a client’s initial intake and reviews are conducted quarterly by a Social Worker.

    Read More

  • Persuasive Essay On Alzheimer's

    593 Words  | 3 Pages

    Alzheimer’s Funding An Alzheimer's caregiver once said, “ We remember their love when they can no longer remember.” Alzheimer's is one of the leading causes of death in the United States; however, the federal government does not as much interest in funding for Alzheimer’s as they do in cancer. Alzheimer’s is the only cause of death in the top ten in America that can not be cured, prevented, or slowed. The disease starts mildly and gets progressively worse over a course of time.

    Read More

  • Summary Of Aging With Grace

    793 Words  | 4 Pages

    Introduction Alzheimer’s is a chronic neurodegenerative disease that usually starts slowly and gets worse over time. The most common early symptom is difficulty in remembering recent events or short memory loss. As the disease advances, symptoms can include difficulty with language, disorientation, mood swing and behavior problems. As a person 's condition progressed, they often withdraw from friends and family. Slowly, bodily functions deteriorated and eventually death occurs.

    Read More

  • Person Centred Thinking Essay

    446 Words  | 2 Pages

    Ask the client there likes and dislikes and there goals for their future this will become the start of your care plan. 1.6 Describe the key features of different styles of person-centred planning and the contexts in which they are most useful? The client is at the centre of the care: this requires having a meeting with the client and listening about what they’d like to do and what they don’t like. This means that the client is at the centre of attention in there care plan. Family members and friends input: this is taking information of their family and friends and using it in a care plan this can be helpful to know more about their cultures and life before entering the home.

    Read More

  • Surrealism: The Art Movement From The Twentieth Century

    1124 Words  | 5 Pages

    Do not forget to make proper arrangements for your last will and testament: speaking personally, I ask that I be taken to the cemetery on a moving van. May my friends destroy every last copy of the printing of the Speech concerning the Modicum of Reality.” (Andre

    Read More

  • Financial Advisor Essay

    243 Words  | 1 Pages

    The roles and responsibilities of a financial advisor is to give their investors financial advice on valuable insight in investment. Financial advisor will talk to investors about their current finances and future plans. Financial advisor needs to assess the needs of each investor by helping them understand their investment and saving option to create appropriate financial strategies. They will also determine investors’ portfolio when it comes to investing such like their financial ability, the market trends and the risk tolerance of the investors. The financial adviser would also give advice on investment like stock, bonds, insurance or shares by matching the investors financial goal where they invest customers’ money based on their decision.

    Read More

  • Write An Essay About How To Keep Your Debt

    604 Words  | 3 Pages

    2. FOCUS LONG-TERM Financially speaking, focusing long-term is something that will never disappointment you. The sooner we start planning for our children, life-milestones, and retirement, the easier those phases of life are. There are many options for saving and preparing long-term such as a 529 college savings plan, a 401(k), an IRA, or Roth IRA accounts. Your retirement plan could depend on your employer and the benefits.

    Read More

More about Financial Planning Case Study Alzheimer's

Open Document