PRESS-NEWS.org - Press Release Distribution
PRESS RELEASES DISTRIBUTION

Problems Handling Money May be an Early Clue to Dementia

Researchers have found that confusion over financial matters may be the most predictable early indication of a person's diminishing capacity. This makes estate planning decisions especially important.

2010-12-25
December 25, 2010 (Press-News.org) Having the capacity to make informed decisions can mean the difference between solvency and financial ruin. Unfortunately, older adults can experience problems in continuing to manage their financial affairs, especially if dementia is involved. These problems also can be compounded because early symptoms of dementia may not be obvious.

However, researchers have recently found that confusion over financial matters may be the most predictable early indication of a person's diminishing capacity. "Decisional capacity" refers to the ability to make competent choices about one's financial affairs. Capacity can also be a clinical term, by which a health professional determines whether an individual can make specific decisions, but it takes a court to rule on whether a person has the mental capacity to change a will or handle his or her own affairs.

The issue has become more difficult as advances in Alzheimer's and dementia studies have lead to earlier diagnoses. Doctors have become able to determine who is at risk before symptoms become apparent. The question then becomes, "At what point does a person lack the capacity to make important decisions?" The answer has important implications for estate planning.

Attorneys and financial advisors often encounter situations in which their clients have begun to make questionable financial decisions. There are numerous horror stories of people who have lost their life savings or been the victims of fraudulent transactions that have cost them thousands of dollars.

A legal or financial professional's first duty is to the client, and there is an understandable reluctance to voice concerns to others for fear of violating professional ethics or legal duty not to disclose clients' affairs. If a legal or financial professional suggests that a client seek assistance, the client might be resentful and discharge the professional. Further, refusing to undertake a questionable request by asking a client to seek other counsel might not be in the client's best interest.

Proper estate planning that anticipates a client's diminishing decisional capacity might resolve some of these issues. Having a health care proxy or advance directive that names a trusted individual or family member to make health care decisions is important. It may enable matters to be directed to a court where a conservator can be appointed to ensure that proper financial decisions are made. Also, having a durable financial power of attorney that appoints a trusted individual in the event of mental incapacity is another option for avoiding the costly procedure of obtaining a court-appointed conservator.

If you have questions about how dementia or other issues of decisional capacity can affect estate planning, contact one of the experienced attorneys of Patrick Burns & Associates.

Article provided by Patrick Burns & Associates
Visit us at www.patrickburnslaw.com


ELSE PRESS RELEASES FROM THIS DATE:

Florida Drunk Driving Fatalities Rise During Holiday Season

2010-12-25
According to the National Highway Traffic Safety Administration, 32 percent of all traffic fatalities were alcohol related in 2009. These accidents tend to spike around the holiday season. While the holidays can be a time to get together with family and friends, it can also be one of the most dangerous times to be on the road. The Florida Department of Highway Safety and Motor Vehicles notes that Thanksgiving, Christmas and New Year's Eve are three of the four deadliest holidays in the state. In 2009, there were nearly 100 fatal accidents during those holiday periods, ...

New Reglan Cases Still Being Filed Across the Country

2010-12-25
As more scientific data becomes available linking the drug Reglan (Metoclopramide) with a serious neurological disorder called tardive dyskinesia (TD), new products liability cases are being filed by former users of the drug around the country. Reglan is distributed in both brand and generic forms by a number of the nation's biggest drug manufacturers, including: - Wyeth - ANI Pharmaceuticals - Baxter - Teva - Hospira/Mayne - Actavis Reglan was first put on the market in the 1980s as a treatment for severe Gastroesophageal Reflux Disease (GERD), a condition in ...

Hospital Safety Still an Issue: Better Medical Care, Not Tort Reform, is the Answer

2010-12-25
Whether for a check-up, injury or major surgery, we expect to leave the hospital in better shape than when we arrived. A recent study in the New England Journal of Medicine, however, is the latest in a series of reports which clearly demonstrates that efforts to improve the safety of our hospitals are failing, resulting in countless injuries and numerous deaths each year. The problem is not unnecessary and groundless medical malpractice lawsuits, but instead poor medical care that is continuing to needlessly harm a significant number of patients each year. The most recent ...

Furniture Choice Launches New Finance Options for 2011

2010-12-25
Furniture Choice has announced that it is to launch a number of new finance options for 2011. Customers can now choose to Buy Now, Pay Later or to spread payments over 24 or even 36 monthly instalments. With consumers all over the country still having to keep a close eye on their finances during the ongoing economic difficulties, the range of new options help customers spread the cost of buying new furniture instead of having to pay a large lump sum up front. Furniture Choice has teamed up with Hitachi Capital to provide the new financial services, meaning that it can ...

Norwegian Cruise Lines Plan Largest-Ever European Deployment

2010-12-25
Norwegian Cruise Lines have announced their largest European deployment with four Freestyle Cruising ships sailing European waters, two of which will sail for the entire year. Norwegian Spirit will join the Norwegian Jade and Norwegian Sun sailing year-round in Europe beginning April 2012. The company's largest and most innovative ship, Norwegian Epic will continue cruising seasonally from Barcelona and Copenhagen respectively. In a recent interview with Travel weekly, Kevin Sheehan, Norwegian Cruise Lines chief executive officer, said: "Europe is one of the world's ...

Superbreak Announces Surge in Popularity for Gift Vouchers

2010-12-25
Superbreak, the short break specialist, has announced a surge in the number of bookings for its gift voucher product by almost 50% in the run up to the busy festive period. As the festive season approaches, the Yorkshire based tour operator has reported an increase in demand in this area of their business and is looking forward to welcoming many more new and existing clients back in the coming year. Customers can choose from denominations of GBP5, GBP10, GBP25, GBP50 and GBP100 to create a personalised gift this Christmas to suit any budget and vouchers are redeemable ...

Debenhams Announces Soaring Swimsuit Sales During Cold Winter

2010-12-25
Debenhams has released figures which reveal that freezing Brits have sent sales of skimpy swimsuits soaring - during the coldest winter for over 30 years. As the country endures temperatures of up to -27C, department store Debenhams has seen swimsuit sales increase by 20%.   Bosses were left scratching their heads at the unanticipated sales figures at a time when most people are desperately wrapping up to keep warm. And with major problems at airports, it's not as if many people are even getting away. Carie Barkhuizen, spokesperson for Debenhams said: "With ...

Cancun Cosmetic Dentistry: Mexico Dentists Offering Big Savings; Get Dental Work in Cancun Mexico; Dental Clinic in Mexico: Smile Makeovers, Dental Implants, Snap On Dentures, Porcelain Crowns, Veneer

Cancun Cosmetic Dentistry: Mexico Dentists Offering Big Savings; Get Dental Work in Cancun Mexico; Dental Clinic in Mexico: Smile Makeovers, Dental Implants, Snap On Dentures, Porcelain Crowns, Veneer
2010-12-25
If you are thinking of what new years resolutions to make for 2011 why not make a big one! To get all the dental treatments you have put off in 2010 completed, because now is the perfect time to follow the hundreds of people who come to meet our Dentist in Cancun Mexico for a "Dental Vacation". People from all over America and Canada come to receive their much needed work completed by professional and modern clinics while enjoying the beautiful surroundings of a Caribbean paradise and saving up to 70% compared to the prices they get quoted by their dentist back home. The ...

Invention could improve cancer drug delivery, lessen harmful effects of chemotherapy

Invention could improve cancer drug delivery, lessen harmful effects of chemotherapy
2010-12-24
University of Arizona researchers may have found a way to deliver chemotherapeutic drugs to cancer tissues in controlled doses without harming healthy body cells. If successful, the invention of gold-coated liposomes could make chemotherapy more effective to destroy cancer cells and alleviate the harmful side effects that can result from the treatment. The invention by Marek Romanowski, an associate professor of biomedical engineering in the UA College of Engineering and a member of the BIO5 Institute and the Arizona Cancer Center, and his lab team doesn't have a silver ...

New research: 'Un-growth hormone' increases longevity

2010-12-24
ST. LOUIS – A compound which acts in the opposite way as growth hormone can reverse some of the signs of aging, a research team that includes a Saint Louis University physician has shown. The finding may be counter-intuitive to some older adults who take growth hormone, thinking it will help revitalize them. Their research was published in the Dec. 6 online edition of the Proceedings of the National Academy of Sciences. The findings are significant, says John E. Morley, M.D., study co-investigator and director of the divisions of geriatric medicine and endocrinology ...

LAST 30 PRESS RELEASES:

Study unexpectedly finds living in rural, rather than urban environments in first five years of life could be a risk factor for developing type 1 diabetes

Editorial urges deeper focus on heart-lung interactions in pulmonary vascular disease

Five University of Tennessee faculty receive Fulbright Awards

5 advances to protect water sources, availability

OU Scholar awarded Fulbright for Soviet cinema research

Brain might become target of new type 1 diabetes treatments

‘Shore Wars:’ New research aims to resolve coastal conflict between oysters and mangroves, aiding restoration efforts

Why do symptoms linger in some people after an infection? A conversation on post-acute infection syndromes

Study reveals hidden drivers of asthma flare-ups in children

Physicists decode mysterious membrane behavior

New insights about brain receptor may pave way for next-gen mental health drugs

Melanoma ‘sat-nav’ discovery could help curb metastasis

When immune commanders misfire: new insights into rheumatoid arthritis inflammation

SFU researchers develop a new tool that brings blender-like lighting control to any photograph

Pups in tow, Yellowstone-area wolves trek long distances to stay near prey

AI breakthrough unlocks 'new' materials to replace lithium-ion batteries

Making molecules make sense: A regional explanation method reveals structure–property relationships

Partisan hostility, not just policy, drives U.S. protests

The Journal of Nuclear Medicine Ahead-of-Print Tip Sheet: August 1, 2025

Young human blood serum factors show potential to rejuvenate skin through bone marrow

Large language models reshape the future of task planning

Narrower coverage of MS drugs tied to higher relapse risk

Researchers harness AI-powered protein design to enhance T-cell based immunotherapies

Smartphone engagement during school hours among US youths

Online reviews of health care facilities

MS may begin far earlier than previously thought

New AI tool learns to read medical images with far less data

Announcing XPRIZE Healthspan as Tier 5 Sponsor of ARDD 2025

Announcing Immortal Dragons as Tier 4 Sponsor of ARDD 2025

Reporting guideline for chatbot health advice studies

[Press-News.org] Problems Handling Money May be an Early Clue to Dementia
Researchers have found that confusion over financial matters may be the most predictable early indication of a person's diminishing capacity. This makes estate planning decisions especially important.