What is Dementia and do I need to know about it?
What is dementia? That’s a good question; I’ll explain what it is. Dementia is caused by damage to your brain cells or degenerative disease which affects the way you think and make decisions. A stroke could lead to dementia, that’s what happened to my father.
The way I like to describe dementia is, it’s when you want to make certain decisions and can’t make them the way you use to because you have been incapacitated in some way.
How many people suffer from Dementia in the UK?
At the moment, there are around 850,000 people diagnosed with dementia in the UK. The number will rise to 1 million in 2025 and around 2 million by 2051. Will you, family or friend get dementia? It’s highly like one of you may suffer from it.
What causes Dementia?
Well, there are various ways how you get it. It’s caused by the following:
- Alzheimer’s–Most people are aware of Alzheimer’s and it is the main cause of dementia. I know a lot of people who have Alzheimer’s. Do you know people at risk or those who suffer from Alzheimer’s?
- Vascular dementia. This is when oxygen the supplied to the brain is affected and lead to a stroke. That’s what happened to my father, family and my close friends.
- Mixed dementia-This is when a person has more than one symptom of dementia
- Dementia with Lewy bodies- This happens when abnormal structures (Lewy bodies) are created in the brain. Some link this symptom to Parkinson disease
- Front temporal dementia (this includes Picks disease) – This is when the front and side of the brain is damaged.
- Mild cognitive impairment- Anxiety, depression and side effects of medication could lead to dementia and in some cases, people recover and it doesn’t progress to dementia
What age can people be affected by Dementia?
Well, maybe you’re thinking it mainly affects adults in their 70’s and 80′ s but what you need to know is it also affects teenagers and adults in their, 20’s, 30, 40’s all the way up to people over 80. Now, think of your age to see if you fit in any other those categories.
No one knows for sure when they will get it, they suffer the symptom get diagnosed, receive medication and eventually die from the disease.
Can I protect my family, property, and business when I have Dementia?
It really depends on the level of dementia. If it is diagnosed late it’s more difficult, time-consuming and could be very costly. Court of Protection fees and Deputyship cost sometimes run into £0,000.00s!
While you are well. it’s best to make the decision today to have personal, family, property and business protection. It will cost much less than paying court exorbitant fees.
What is Dementia impact on sole traders, company directors, partners, shareholders, and suppliers?
If you have Alzheimer’s or dementia and make the wrong business decision, if the right steps weren’t taken at business start-up and the company is at risk, you could be held personally accountable and the appropriate action taken against you.
How would you feel if your family and partners in the company challenge you for being negligent because you did not have the correct business protection, and it affects them and the company?
You may have insurance and indemnity cover, but do you know for sure you have the right agreements and know the most up to date legislation for business protection?
Family and business asset protection gives peace of mind and security
Let’s imagine you have Alzheimer’s or dementia, and you’ve taken the correct safeguards, it’s more likely to be in your favour as you did what was possible before you’re incapacitated. Also, your family won’t suffer unnecessarily as you took steps to keep them safe.
So when you think about it, it makes sense in your business plans to include someone who understands the business to make decisions for you if you are ill or when you are not available.
Now you know what is Dementia: Michael Williams’s mission is to protect as many property and business owners’ assets as possible in the UK from now till 2025
You already have insurance, now take the next step and protect you, your family and your business. If you have business partners, shareholders, and suppliers, please share this message with them.
You may be the person who helps them get the right personal and business protection that prevents them being sued for damages.
The legislation that governs how company directors, sole traders, and shareholders have changed and you need to make sure you are fully compliant and not be seen as being negligent.
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You no longer need to ask the question what is dementia. Now you understand what is it and how it affects you, your family and your business. You’ll feel better when you know you’ve done all you can keep your business safe.
When you do this, it helps maintain good health and well-being. If you are diagnosed with Alzheimer’s or dementia, your partners or shareholders will know you’ve taken steps maintain the safe running of the business.
Don’t take the risk, and do nothing if you have Alzheimer’s or dementia! For more information and your free consultation session with us call on 03332 12 20 51 or email email@example.com
The information in this blog has been prepared for general information purposes only. Views recorded are subject to change. It does not constitute any form of legal or financial advice.
No liability is accepted for decisions or actions you take reading the information on this blog. It is recommended that specific professional advice is obtained for your particular situation.