Nobody plans to have Dementia

Posted on 23 April 2012

Estate Planning has become somewhat of a taboo topic in today’s society. No one wants to talk about what happens when you are no longer able to make decisions or unfortunately, it is discussed when it's too late to be able to make a choice. A recent article published in the Sydney Morning Herald on 29 March 2012 reported that dementia rates are set to soar and as such that it is imperative that more Australians plan as to what is to happen when they can no longer manage their health care, end-of-life care, or financial affairs.

It was reported that only about 55 per cent of Australians have a will, and an even smaller proportion have prepared Enduring Guardianships, Powers of Attorney or Health Care Directives recording their wishes.

It is imperative that you ensure that you plan for your future needs when you are able to make a well informed choice. This is the only way that you can ensure that your wishes are carried out and that your loved ones are protected.

The report reveals a looming dementia epidemic for NSW, with the number of people with the condition set to increase from 95,000 to 303,500 by 2050. A separate analysis shows the electorates expected to be most affected include Tweed, Port Macquarie, Myall Lakes, Bega, Wyong and Port Stephens, with projected increases of up to 400 per cent.

If you would like to stand out from the crowd and start planning for the future to ensure that you have make your wishes clear and binding then and provide protection for your loved ones, call us at Dooley & Associates and we will be able to assist you with any of your Estate planning needs, such as drafting of Wills, Power of Attorney, Enduring Guardianship and Health Care directives.