Discussing such things as death and dementia are emotionally draining even if you are not talking about a loved one. So discussing what might happen if you develop dementia or what will happen when you die is a subject many of us avoid.
But having that discussion now and getting the right paperwork in place can save significantly more upset and expense.
Getting a Will and a Lasting Power of Attorney in place now makes such a difference to how your finances or estate are dealt with in the future.
The three Ds – death, divorce and dementia – are things none of us want to think about. Yet if you’re reading this you’re likely old enough to know life isn’t always happy and hassle-free. So, cheery chap that I am, I want to encourage you to sit down and have the “unpleasant issues chat”, whether with your parents or children. Ignoring this costs. Not just financially, but in hassle and emotion too, for you and your family. So I plan to be candid and unemotional. Unpleasant issues happen and you need to plan. Here are three of the big ones.