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Recent Posts
How Financial Frictions Hinder Innovations

A recent study co-authored by Wharton’s Thomas Winberry reveals that financially constrained firms face a ...

The post How Financial Frictions Hinder Innovations first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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5 Budgeting Myths That Stop People from Saving

Budgeting is crucial for managing your money well. However, many people avoid it because they ...

The post 5 Budgeting Myths That Stop People from Saving first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Taking Control: How a Reliable Agent Can Safeguard Your Wealth Even If Memory Slows Down

July 19, 2023

This article in Financial Advisor magazine highlights an often overlooked, but essential, part of financial planning. It’s about protecting your assets when memory-related health issues, like Alzheimer’s or dementia, can become a reality. Let’s explore how a trusted agent can serve as a lifeline in such situations.

The Risk of Cognitive Decline

As we grow older, our bodies change, and so do our minds. The reality is, memory-related health problems are common among seniors. Even a slight decline in cognitive abilities can affect how we manage our financial affairs, possibly leading to costly mistakes. To minimize the risk and ensure our assets are managed correctly, it’s wise to have a reliable agent on our side.

The Role of a Trusted Agent

So, what does a trusted agent do? This person, often a financial advisor, acts on your behalf when it becomes difficult for you to handle financial matters. They have the legal right, granted by a power of attorney (POA), to make decisions that keep your wealth safe and well-managed. A trusted agent can be a lifesaver, preventing costly errors and protecting your financial well-being, even when cognitive abilities are challenged.

Choosing the Right Agent

Selecting the right agent is crucial. This person needs to be trustworthy, responsible, and knowledgeable about your financial affairs. They need to understand and respect your financial goals, making decisions that align with your wishes.

Shah Total Planning – Your Trusted Partner

If you’re wondering where to find such an agent, Shah Total Planning is here to help. Our team of experts will work with you to understand your needs, goals, and unique financial situation. We believe in establishing relationships based on trust, transparency, and mutual respect.

Reach out to us at Shah Total Planning today. Let’s plan for your future and ensure you have a safety net in place for your financial well-being. Remember, it’s never too early to start planning. But it could be too late if we wait.

Be Proactive, Protect Your Future

Financial planning is more than just building wealth. It’s about securing a safe and comfortable future for yourself and your loved ones. That includes planning for any unforeseen circumstances, such as cognitive decline. A trusted agent from Shah Total Planning can ensure your assets are well-managed, no matter what the future holds.

Are you ready to take control of your future? Let’s make sure your financial well-being is protected, even if memory slows down. Read more about it here and feel free to reach out to us at Shah Total Planning if you need any assistance.


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Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
How Financial Frictions Hinder Innovations

A recent study co-authored by Wharton’s Thomas Winberry reveals that financially constrained firms face a ...

The post How Financial Frictions Hinder Innovations first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
5 Budgeting Myths That Stop People from Saving

Budgeting is crucial for managing your money well. However, many people avoid it because they ...

The post 5 Budgeting Myths That Stop People from Saving first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more