Visiting Angels of GSTC Blog

Important Alzheimer’s Senior Care Tips: Financial & Legal Planning for Seniors in St. Peters, MO

Visiting Angels of St. Peters’ Senior Care Professionals Offer Insight on Financial & Legal Planning

Before your loved one’s dementia progresses, it is essential to help them get their legal and financial matters and documents in order.

Without a doubt, it is always a shock for family members when their loved one is diagnosed with Alzheimer’s disease. Suddenly, the need for specialized medical assistance and daily senior care is required. As emotionally overwhelming as it can be, planning for the next few years of your loved one’s senior care is paramount. At this point, family members must work together to oversee significant decisions about their beloved elder’s healthcare, legal, and financial future.

Thanks to new and improved methods of early detection and continued advancements in diagnosis, seniors now have a better chance of early detection for Alzheimer’s and dementia. This means early treatment to waylay symptoms; lessening the severity and progression of cognitive and physical impairment. As such, your beloved elder can have the ability and opportunity to actively participate in deciding their future senior care, as well as how to proceed financially.

Plan the Future Early-On

Discussing what will happen near the end of a loved one’s life is not an easy conversation to have, but it is an essential one to have early-on. Alzheimer’s increases cognitive impairment, making these discussions an impossibility if done too late. Talking about life decisions with your loved one early in the diagnosis is key to sound financial, legal, and end of life care. Additionally, the sooner you start the process, the easier it will be for family members involved to find the correct documentation and make decisions according to their senior’s wishes. Of course, this also means a lot less stress for the entire family.

If you feel unprepared to deal with the major life decisions that lies ahead, there are many resources available to guide you for the financial and legal planning aspects of caring for your senior. Get the peace of mind you and your loved one deserve by seeking out help as soon as an Alzheimer’s diagnosis is confirmed.

Necessary Documents

When it comes to making legal and financial decisions that concern a loved one, many families decide to work with an estate planner or a lawyer. Enlisting the services of professionals in the field can be a timesaving and less stressful choice. Often, they can assist with finding the proper documents, such as:

  • Healthcare wish documents, which are papers that communicate the specific requests of a loved one who can no longer make such decisions on their own. Usually, these documents include a living will, any organ/tissue donation preferences, a DNR order, and power of attorney.
  • Estate specifics and financial management documents that communicate the decisions of an individual who can no longer make such decisions of their own volition. Typically, these papers include a will, living trust, and power of attorney for finances. [Source]

Before contacting a professional adviser, families can compile certain documents on their own. These include your elder’s birth certificate, marriage and/or divorce papers, bank statements, Social Security Card, a list of medications, documents pertaining to your loved one’s current physical situation, and insurance information. Once compiled in a quickly-accessible location, these papers will make going forward with financial and legal plans less complicated. For more information on documents necessary, the officials at Area Agency on Aging may be able to help your family.

Planning for Long Term Care

When you have a family member who has Alzheimer’s disease, organizing long-term senior care is often part of the financial planning process. As the disease progresses, your elder will need more and more specialized care on a daily basis. Memory Care services from Visiting Angels of St. Charles, MO were designed for this health condition. Once you call Memory Care service providers, you will be able to better establish the costs of providing such care for your loved one. Will you need to pay for such services through private insurance? Are there government benefits that can pay for these long-term care options? Find out the answers to many of your questions via the Alzheimer’s Association website.

As you can imagine, the best way to find out about costs and services is to call senior care providers directly. If you believe your loved one and family could benefit from dementia and Alzheimer’s care services, give us a call at Visiting Angels of St. Charles, MO. We provide a wide array of affordable home care and senior care plans, be it occasional, daily or weekly assistance. Elderly people with Alzheimer’s and dementia require specialized services. Therefore, it is essential to entrust only well-known providers that offer highly trained, experienced caregivers with your loved one.

Contact Visiting Angels of St. Charles, MO today to find out more about our senior care and how we can help you.

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