Discussions about Alzheimer’s disease are among the most difficult topics for a financial planner to bring up with a client. However, for individuals that experience the cognitive effects of the disease it is imperative that plans are in place to cover the cost of long-term care, which is increasing each year. Since planners are not seeing the client on a daily basis, they are more likely to be able to detect warning signs than close family members, who may have trouble detecting the disease as it slowly progresses. Thus, while it may be a difficult conversation to have, it is crucial to help with planning for future needs when early warning signs arise.
See Mark Miller, Planning for Alzheimer’s, Wealth Management, Feb. 13, 2015.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
