Family History Of Alzheimer's?
5 Things To Consider... Before It's Too Late
By: Keith Maderer and Chelsea Maderer
Alzheimer’s and Dementia are terrible diseases that can rob individuals of their independence, mobility and memories. If you have a family history or are already experiencing symptoms of Alzheimer’s … you should consider these 5 items. Take action now and find the solution… before it is too late.
Here are the 5 parts in this series:
Part 5: Remember… You’re Only Human
3. Letters Of Instruction – The Three F’s
Tell your family what your wishes are with respect to the three F’s: Funeral, Finances and Family.
Funeral: Instruct them on what your wishes are for your funeral service, breakfast, flowers, etc. It is also a great idea to pre-plan your funeral while you are healthy and thinking clearly. Answer all of the questions your family may have around your funeral arrangements. This process helps them focus less on the stress of the details, more on dealing with their emotions and loss of their loved one. It can also prevent the deterioration of your family’s relationships with each other. The stress associated with end of life decisions can magnify tensions, petty arguments and in some families, can do irreparable damage. By planning in advance, you allow your family to grieve properly at their own pace and remain united.
Finances: In the event you become unable to handle your finances, is your spouse, child, or close family friend willing and able to perform these duties? If you do not know the answer to this question, you need to begin discussing it openly with these individuals.
It is a good idea to formally appoint and discuss your wishes with the individual or individuals that you believe would be best suited to handle these needs. (See Durable Power of Attorney below.)
During your discussions, make sure to let these individuals know your wishes with regard to spending, savings, family gifting, charitable donations and long term care (assisted living or nursing homes). Make sure that they are willing to handle your finances in a manner that is acceptable to your wishes. If they object, it may be better to find someone else.
By doing this before any medical issues arise, you can ensure everyone is on the same page and focused on what is important to you and your family. If medical issues are already present, the stakes are higher and you may want to bring your entire family into the process. This will help alleviate future questions about who is, and why they have been, appointed to take care of this. They will be aware of, and have input into, your reasoning and selection of these trusted individuals.
Family: This letter of instruction can help prevent family drama. When a loved one’s health condition worsens or if they pass away, underlying tensions can arise. Provide your wishes for your family after you are gone. This can make a huge difference between keeping the peace and an all out war. Inter-family personalities are complicated. When you add in-laws, “out-laws”, and outside influences to the mix, discussions can become arguments in a heart beat.
Personalize your letters to any or all of your loved ones. If you have specific items to share with specific individuals, make that a separate letter. If you have information to share with a specific group, you can address this letter to the group. If this information should only be shared upon your death, be sure to stipulate that on the envelope.
Writing these letters of instruction will help you have peace of mind knowing you expressed your wishes and concerns before it is too late. You and your loved ones will feel better knowing that this is taken care of.
If you are concerned about Alzheimer’s or are already experiencing the early stages, we can help. As part of our mission to help successful seniors live better lives, we want to provide a complementary copy of our Alzheimer’s Financial Survival Guide. To get your copy or learn more, click the button below.
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About The Authors
Keith Maderer has been a Financial, Investment and Tax professional in the Buffalo-Niagara region for over 30 years. He helps individuals and families to Clarify their needs and goals, Solve their problems, and Simplify their life to avoid the common pitfalls that get in the way of enjoying life and retirement.
He is an author, an entertaining and humorous speaker that enjoys captivating audiences with stories, anecdotes, and messages that inspire and motivate others to achieve their goals.
He has been married for over 30 years and has 5 adult children which contributes to his great sense of humor. For more information please visit: http://SFTAweb.com, or http://KeithMaderer.com or visit his Amazon Author Page.
Chelsea Maderer is a Financial, Investment and Tax Advisor in the Buffalo-WNY region. She helps individuals and families to Clarify their needs and goals, Solve their problems, and Simplify their life to avoid the common mistakes that get in the way of enjoying life and retirement.
For more information please visit: http://SFTAweb.com.
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