How to safeguard your finances if you are at risk of dementia

Around 500 New Zealanders are diagnosed with dementia each week, which raises concerns about financial vulnerability due to cognitive decline. An enduring power of attorney (EPOA) is essential for managing finances when mental capacity diminishes. Early planning can help protect finances, maintain independence, and alleviate future burdens on family members. Dementia can impair the ability to evaluate risks and understand contracts, making individuals susceptible to poor financial decisions.

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