Put a power of attorney in place
It’s important that you nominate someone who can look after your legal and financial affairs in the future, even if you do not have dementia.
The best way to do this is via a Lasting Power of Attorney and it’s a good idea to think about who might help you with this, both now, and in the future.
Claim your benefits
If you do receive a dementia diagnosis you will be entitled to some financial help in the form of state benefits. You can read more about this here
Get help with interest payments
As with many illnesses, dementia could impact your ability to earn, which might be a concern if you still have mortgage payments to make.
You can get help with paying the mortgage interest in the form of a government loan called Support for mortgage interest (SMI), but you will need to be claiming other benefits to qualify.
Seek support with council tax
If you find out that you are living with dementia you’ll be eligible for a discount on your council tax, but you’ll need to be claiming benefits to do so. Contact your local authority for more details.
Request a free home assessment
If you have symptoms of dementia you can ask for a free assessment to have your home checked out to ensure it’s suitable for your needs. Recommendations will be made and if these total less than £1,000, your local authority will cover costs. Read more about this here
Plan for the future
Talk to an independent financial adviser about your needs going forward and how to plan for the future. You’ll have options, but they might involve having an open and honest conversation with loved ones about your property and what your wants, needs and intentions are for the future.
Here’s where you can find help: