Share

Berge & Berge, LLP Blog

Wednesday, May 4, 2016

2016 Facts and Figures Concerning Alzheimer’s Disease

According to the Alzheimer’s Association, Alzheimer’s disease is now the sixth leading cause of death in the United States, while more than 5 million Americans currently battle the disease on a daily basis. Recently, the Association published the most updated statistics surrounding this form of dementia, and the numbers reveal a startling and consistent increase in the prevalence of this devastating illness.

To date, as many as one out of every three senior citizens dies while under the auspices of Alzheimer’s or a similar dementia condition. As well, an American is diagnosed with the condition an average of every 66 seconds. Of this group, a growing number of Americans -- approximately four percent suffer from early-onset dementia, or dementia occurring before age 65.

With regard to caregivers, an average family will spend close to $5,000 annually caring for a loved one suffering from Alzheimer’s disease. The association also estimates that a large percentage of family caregivers are forced to ultimately give up their jobs -- or switch to part-time -- in order to provide their loved one with constant care and attention.

From an estate planning perspective, is there anything that can be done to help decrease the financial impact of Alzheimer’s disease? Fortunately, there is. Beginning with the simplest of documents, a durable power of attorney -- if executed prior to the onset of dementia -- can allow family members the opportunity to conduct financial and legal transactions on behalf of their loved one without the need for a costly guardianship proceeding.

As well, planning for long-term care needs is an important component to the process, and should begin as early as possible -- particularly if the senior citizen may ultimately require the assistance of Medicaid to pay the staggering costs of full-time nursing care. To learn more about planning for special needs, contact an experienced attorney today!

To make an appointment, please contact the Law Offices of Berge & Berge, LLP.


Archived Posts

2019
2018
2017
2016
2015
2014


Estate Planning and Elder Law News



© 2019 Law Offices of Berge & Berge LLP | Disclaimer
1101 S. Winchester Blvd, Suite I-208, San Jose, CA 95128
| Phone: (408) 389-6980

The LifePlan Program | Estate Planning | Estate Tax Planning | Business Succession Planning | Probate / Estate Administration | Elder Abuse/Conservatorships | Trust and Estate Planning | Public Benefits | Special Needs Planning | Trust Administration | | About Us | Forms | Resources

Law Firm Website Design by
Amicus Creative