According to the Alzheimer's Association, 5.4 million Americans live with Alzheimer's disease. The disease, which affects one in eight older Americans, can eventually make it impossible for sufferers to manage their finances, but even milder cognitive impairments can cause problems. In some cases, impaired elders have been defrauded by scam artists, securities salesmen, and even relatives after losing their judgment to cognitive impairment.
A 25-year-old participating in last week's ESPN's X-Games suffered fatal injuries in a sustained crash while attempting a trick by snowmobile. The crash and the severity of the complications that arose from it highlight the extreme dangers that young people are often putting themselves in when seeking the ultimate thrill and glory in competition and in life.
In the event that something like Alzheimer's disease occurs to you and you are unable to act adequately on your own behalf, do you have the protections in place to safeguard your desires for your New Jersey estate and your affairs? If not, you should seek to create a durable power of attorney to avoid having the courts appoint a guardian on your behalf.
Our readers may or may not be aware, but October 15 through October 22 is Estate Planning Awareness week. Admittedly, estate planning awareness is something lawyers like because it highlights the services they can offer. But the reality is that everyone can benefit from engaging in estate planning at an appropriate level.
In our previous post, we began looking at CNN Money's recommendations and advice concerning basic estate planning. Here we continue that discussion.
On this blog, we often provide our readers with advice about simple estate planning and basic things to keep in mind when going through the process. CNN Money recently posted a top ten list of things to keep in mind regarding estate planning, along with a number of other articles discussing particular aspects of estate planning.