Financial Focus Financial Tips for Alzheimer's Caregivers If you are, or will be, a caregiver for elderly parents or another close cloef family member living with Alzheimers a solo caregiver. By consulting with disease, you may experience some other family members or close friends, Gather all necessary documents. e as caregiver emotional stress- but you also need yo may find that some of them have You'll be in a better position to help to be aware of the financial issues involved and what actions you can . Consult with family members and of the disease and can willingly and nd money-saving services. And a tax friends. It's extremely hard to be knowingly grant you this authority. professional may be able to help you Finally, use your experience as a caregiver to remind yourself of the the time and ability to help the individual living with Alzheimers ve all the important financial mportance of planning for your . Consider obtaining durable power of attorney If you possess a durable nsurance policies, wills, Social power of attorney for finances, you Secrity payment information, deeds, preparing for the potentially huge take to help address them own needs. For example, a financia professional can suggest ways o You will find few "off the rack solutions for dealing with the financial challenges associated with can make financial decisions for the etc-in one place Alzheimer's. For one thing, family situations can vary greatly in terms of the financial resources available and in the availability and ng with the disease and your capabilities of potential caregivers Furthermore, depending on the stage of the disease, people living ffirs. And on a short-term basis, instructions about the estate of the with Alzheimers may have a range of having durable power of attorney cognitive abilities, which will affect can help you take additional steps if care and names a trustee to hold the level of care needed costs of long-term care, such as those arising from an extended stay in a person with Alzheimer's when he or she is no longer able. With this authority. you can help the individua . Get professional help. You may rsing home want to consult with an attorney who can advise you on establishing appropriate arrangements, such as a living trust, which provides Caring for an individual livin with But by taking the appropriate steps you can reduce uncertainties - and Alzheimers has its challenges. entire family-avoid court actions that can take away control of financial pssibly give yourself and your family person for whom you're providing members a greater sense of securi and needed. You'll find it much easier to e to property and funds for the Here are some general suggestions acqire durable power of attorney beneficiaries. You also might want to This article was written by that may be useful to you in your role when the individual living with as caregiver meet with a financial advisor, who Edward Jones for use by your local Edward Jones Financial Advisor. Alzheimers is still in the early stage can help identify potential resources Edward Jones Edward Jones Edward Jones Edward Jones Edward Jones Edward Jones Edward Jones Edward Jones Sean P. Asiala AAMSMichael C. Caley AAMS Pam Covington AAMS Tod Heisler AAMS Gwen Ruppert 7030 Pointe Invemess Way, 91 Chesut Hills Pary Fort Wayne IN 46814 4413 nos Rd Ste E Fort Warye IN 46814 Fort WaynIN 46804 Fort Way IN 4680 478-8038 Making Sense of Inveti Fort Wayne, IN 48804 Fort Wryhe N 46814 Fort Wayne, IN 4609 747-5411 625-5700 432-3613 Making See of vesting Making Sanse of Investing Making Sense ef Investing