Navigating Cognitive Decline in Retirement Planning
Importance of Early Financial Planning
Taking Inventory of Assets and Liabilities
Here are some useful tips for navigating cognitive decline:
Take an inventory. Families should create a detailed list of assets and liabilities, including information on who has access to each of the accounts.
Identifying All Assets
Involving Family Members in Financial Discussions
Estimating Future Care Costs
Understanding the Range of Care Options
Reviewing Insurance Policies for Adequate Coverage
Seeking Professional Assistance
Consult with an Elder Law Estate Planning Attorney
Exploring Medicaid Planning Options
Automating Finances for Convenience
Utilizing Online Banking and Bill Pay
Setting up Direct Deposit for Benefits and Pensions
Ensuring Proper Estate Planning Documents
Creating a Health Care Representative and Durable Power of Attorney
Preparing for Medicaid and Digital Asset Management
Estate Planning Legacy Planner
Everyday, we work with people who have lost someone they care about. There is so much these folks have to organize and manage. This planner organizes the information they will most need, in our experience, saving so much time and unnecessary cost. Besides organizing your information, it's so important to have a good estate plan that will keep your family out of court and conflict.
Please use the button below to receive a free copy of our Estate Planning Legacy Planner, an organization tool essential to any estate plan designed to help your loved ones take care of you and handle your affairs.