As elder law attorneys, we help clients in the second half of life answer two questions:
“What happens if I die?” (What should my clients do today to make sure their assets will transfer to loved ones in the simplest, most tax advantaged manner?)“What happens if I do not die, but rather get sick and need care?” (What should my clients do today to protect their assets and home?)
These are critical questions. but there is a third question that must be addressed with our clients: “What happens if you or your spouse gets Alzheimer’s or dementia?” According to the Alzheimer’s Association, Alzheimer’s is the 6th leading cause of death and the costliest disease in the United States. There are currently 5.7 million people living with Alzheimer’s, with someone being diagnosed every 65 seconds. By mid-century, this number is predicted to be every 33 seconds, bringing the total number of Alzheimer’s patients to 14 million.