The rising spectre of dementia and how you can prepare

The rising spectre of dementia and how you can prepare

The rising spectre of dementia and how you can prepare

by | Inheritance

With people living longer, disease and ill health as we age are huge concerns.

Alzheimer’s Disease International reported an estimated 46.8 million people worldwide living with dementia in 2015. They estimate this number will almost double every 20 years.  It will reach 74.7 million in 2030 and 131.5 million in 2050.  As healthcare improves and people live longer, the prevalence of dementia is a terrifying prospect.

Should you be diagnosed with dementia, it is important to put a plan in place as soon as possible.  These plans should include ensuring your wishes are upheld should you not be able to make decisions for yourself.  So called lacking or impaired “capacity”.

There may be a time in the future when your symptoms mean you are no longer able to give consent. You may wish to give a relative you trust the power to make decisions about you if you are unable to. This is known as power of attorney.  Creating a Lasting Power of Attorney, for your welfare or financial affairs, and registering it with the office of the public guardian should be an issue addressed before it is too late to act.  Most commonwealth countries offer this facility.  You should also check your country of residence.  No one can predict where and when incapacity can strike.

If you have a family history of dementia or are updating your will due to a life change, it is probably a good time to consider preparing a power of attorney.

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