Without a power of attorney, your spouse, children or friends will probably have to petition the court to step in on your behalf.
As the American population of seniors continues to expand, the need for intentional estate planning becomes more urgent, especially for the children of aging parents.
Estate planning takes a lot of time, but another factor that needs to not be overlooked is having a power of attorney.
Here is a list, in no particular order, of what needs to be done after someone passes to help you during this difficult time.
It is your right to keep your health information private, but is that always what is in your best interests?
With an elder care lawyer by your side, handling issues associated with Medicaid and Medicare is easy.
A frequent concern for those with aging loved ones is the future need for guardianship. Unfortunately, the concept of guardianship can be confusing and overwhelming.
No one planned that Mom or Dad would have to end up long term in a nursing home and they can’t afford the cost after Medicare payments run out.
Chances are, your home is full to the brim with cherished memories of family and friends. But, as you get older, you may start wondering what exactly will happen to your home when you pass away. Fortunately, a life estate can take away the uncertainty of this thought by legally assigning an heir to receive your property without interference from court proceedings.
Here are five ways to get started on this important issue of an aging parent’s finances.
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