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re: Dementia at 54 years old

Posted on 9/28/21 at 9:58 am to
Posted by idlewatcher
County Jail
Member since Jan 2012
79620 posts
Posted on 9/28/21 at 9:58 am to
quote:

Dementia scares the crap out of me. I couldn't imagine living with that confusion and at only 54 too.


Highly advise long term care insurance for your loved ones if you can see the onset of this disease. It will save you a lot of financial headaches down the road.
Posted by Tigers2010a
Member since Jul 2021
3627 posts
Posted on 9/28/21 at 12:16 pm to
Financial trusts can be important in protecting your financial assets and home/land for family and children. IIRC, Medicare will not provide assistance until assets are exhausted and then upon passing, legally can go after house and land. Basically everything you sent a lifetime accumulating can disappear.

If alzheimer, dementia, any illness involving long term care are a concern, talk to a trust lawyer early and find out what options are available. IIRC, medicare will look at assets up to 5 years previously. Early, early. Trusts can be done fairly cheaply...sometimes as little as a couple thousand. A form of insurance to ensure the state doesn't take everything.
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