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How to Stop Cognitive Decline from Wreaking Havoc on Family Finances
Cognitive decline is affecting more people as the population ages. This article by Barron’s provides different ways families should deal with issues pertaining to cognitive decline.
Matt Liebman urges families to create a financial cheat sheet with contact information for important people such as their financial advisor, estate planning attorney, and tax accountant. This will aid family members who eventually take over the financial responsibility—at a time when stress levels may already be running high.