Trusts, Wills & Estates

Financial planning for the worst

Alzheimer’s and similar illnesses are something no one wants to think about, but a little forethought can save a lot of trouble

Clarke Willmott’s Anthony Fairweather comments on the issues involved for the Observer, Sunday 4 July 2010.

One in three of all people over the age of 65 will develop dementia, according to Ruth Sutherland of the Alzheimer’s Society. She, along with other campaigners for dementia awareness week, is urging people to take legal protections to put their affairs in order now before infirmity or illness strikes.

There are more than 700, 000 people living with dementia in the UK and that number is expected to hit 1 million by 2015. “As we live longer, the number of people with dementia will rise almost exponentially,” said Sutherland, acting chief executive of the Alzheimer’s Society. “No one wants to consider a future with dementia but planning what would happen to you if you were to lose capacity is incredibly important.”

Peter Ashley, a 74-year-old from near Warrington, Cheshire, would like to see people tackle the issue as a matter of course when they draft their will.