Legal and Financial considerations for planning for Dementia

  • Legal and Financial considerations for planning for Dementia
  • Take action while you can before the diagnosis of Dementia or early Dementia -Mild Cognitive Impairment.
  • Get good Legal Advise- Make a living will.
  • Create a Durable Powers of Attorney, appoint a trusted person to make health care decisions for the patient when he or she can no longer do so major medical issues, life support and end of life care e.g.,” Do not resuscitate order”.
  • Durable Power of Attorney for finances- financial decisions for banking, investments, taxes etc. Making a living trust.
  • Having a Will in place Open a joint account Put all your documents together.
  • The annual household cost of caring for a patient with Dementia in India, depending upon the severity of the disease ranges between 45600 INR to 2,02,450 INR in urban areas and INR 20,300—INR 66,025 in rural areas. Costs escalate with increase in severity of disease.

Support groups and Resources available for patients with Dementia and their Caregivers .

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