Leslie Copland sits with his granddaughter Allison in this photo taken in the mid-1970s. Copland retired in 1975 at age 69 but his “Golden Years” were cut short by Alzheimer’s disease. [Submitted/Jamie Copland]
Jamie Copland is CEO of Phoenix-based Sentry Enterprises, Inc., and publisher of local Phoenix publications TRAVELHOST magazine of greater Phoenix and MyLIFE magazine. He is also the author of “Life’s Observations By An Everyday Nobody,” published in 2010 by Eloquent Books of the Strategic Book Group.
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mmcd posted at 4:16 pm on Thu, Mar 1, 2012.
Jonathan Pond, Financial Planner, says that 90% of estates are spent this way: 1) nursing home, 2) IRS, 3) children, 4) grandchildren, 5) charity. More people are worried about the IRS taking their money than about having to spend it on a nursing home.
With only about 10% of those buying long term care insurance (http://www.nationalltc.com/) the rest will spend their estates on paying for care and some will end up on welfare health care (Medicaid) after spending all their money.
The Federal Deficit Reduction Act provided for every state to have a Partnership program to provide asset protection for those who buy qualified long term care insurance policies. http://www.partnershipforlongtermcare.com/
Jamie posted at 3:14 pm on Thu, Mar 1, 2012.
I agree excellent ARTICLE !!!
My family is just starting this road with our mother. This has helped me understand the different stages of AD.
God be with us.
Masterrogue666 posted at 2:05 pm on Wed, Feb 29, 2012.
An excellent article! It's a cross I've chosen to bear, and their is a cost to it.
However, I wasn't the only child willing to take that responsibility, because my parents raised their children well. Each one of us was willing to shoulder the responsibility. We let our Mother choose whom she think she'd be most comfortable with.
I also know it would be hard to do without the love and support of my wife. Her parents raised her properly too.