As elder law and estate planning attorneys, we help people prepare for the eventualities of aging. There are some realities that we all face that are not especially pleasant, but it is best to meet them head on, so you and your family are fully prepared. Unfortunately, incapacity is more common than you may think.
Once you reach the age of 67, it becomes likely that you will live until you are at least 85 according to the Social Security Administration. The Alzheimer’s Association tells us that 40% of the oldest old have contracted the disease.
Clearly, people with Alzheimer’s induced dementia are not going to be able to make sound decisions at some point in time. When you mix in the fact that this is not the only cause of incapacity, you can see that it is a very real possibility for anyone who lives a normal lifespan.