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Dealing with dementia

Dementia has now overtaken cancer as the UK's most feared illness for those aged 55 and over1. The total number of people with dementia in the UK is forecast to increase 38 per cent by 20372. So what will this mean for advisers who provide advice to families with a relative living with dementia?

30 March 2016

There will inevitably be a number of financial and legal issues to deal with following diagnosis of dementia. It's hugely reassuring for the entire family and the person concerned to know that this has been taken care of.

The symptoms of dementia - memory loss, language difficulties, poor judgement, failure to recognise people and disorientation - all make the person with the condition extremely vulnerable. Unsurprisingly, families will often default to thinking about care homes as the obvious next step.

However, research shows that 97 per cent3 of older people don't want to move into residential care, with what is often an institutional and regimented way of life.

This sentiment is now regularly acknowledged and often cited in people's 'living wills' but, where a lasting power of attorney (LPA) has been granted ...

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