Who will control your finances if you lose your ability to make decisions? Many senior citizens suffer from memory loss, dementia, and other cognitive disorders as they age. The Alzheimer’s Society recently issued a report about the vulnerability of dementia sufferers to financial abuse and the need to protect them.
Today’s show is devoted to aging and finance and what to do if you, your spouse, or your parents suffer from any health issues that affect their ability to make wise financial decisions.
- How to organize the financial and legal affairs of a dementia sufferer.
- What kinds of accounts should you set up?
- What are the most appropriate investments for people suffering from mental health issues?