There is power in acting today

As dementia rises, make sorting your LPA a priority

- with WARREN SHUTE

September is World Alzheimer's Month, with September 21 recognised as World Alzheimer's Day.

This international campaign aims to raise awareness and highlight the challenges faced by people affected by dementia. Globally, dementia is one of the biggest challenges we face.

Nearly 60 million people live with the condition worldwide, a number expected to reach 78 million in the next seven years and 153 million by 2050. So why am I writing about this in a financial column?

In my book The Money Plan I talk about eight financial foundations we should all be aware of, three of which are essential and five optional.

The three relevant here are our emergency cash, our will and our powers of attorney - and the latter two are not just something to think about when older.

I strongly suggest everyone over the age of 18 has them; an accident or a condition like dementia can affect us from any age.