For the first time in Canadian history, there are more individuals over age 65 than under age 14. There’s a deep cause for attention related to the health issues that will go hand-in-hand with this population shift. In The State of Seniors Health Care in Canada, the Canadian Medical Association noted that over the next 15 years (based on 2016 statistics), there is expected to be a 66 percent increase in the number of Canadians living with dementia and that after age 65, the risk of dementia doubles every five years.
These statistics should serve as a strong message to all individuals that there are crucial aspects to plan for when it comes to your personal, family and financial future, and one of the best methods of protection in this regard is a Power of Attorney.
Take a look at the article – The Path of Longevity – to understand all of the issues around the need for a Power of Attorney.
If you are acting or will be acting as Power of Attorney for a family member or friend, ask us for a copy of “Your Reference Guide for Acting as an Attorney under a Power of Attorney”.
Watch for our workshops in September – “Understanding the Role of a Power of Attorney”.