Who will control your finances if you lose your ability to make decisions? Many senior citizens suffer from memory loss, dementia, and other cognitive disorders as they age. The Alzheimers Society recently issued a report about the vulnerability of dementia sufferers to financial abuse and the need to protect them.
Todays show is devoted to aging and finance and what to do if you, your spouse, or your parents suffer from any health issues that affect their ability to make wise financial decisions.
Find out how to organize the financial and legal affairs of a dementia sufferer. What kinds of accounts should you set up? And what are the most appropriate investments for people suffering from mental health issues?