Financial

Source: AgingCare.com

Money & Legal Issues

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Resources

  • Elder Law Attorneys
    Elder law attorneys specialize in providing legal services for the elderly and those planning for the aging process. The legal issues handled by an elder law attorney include advance health care directives, powers of attorney, guardianship, living wills, trusts, planning for long-term care, Medicaid planning, resident rights in long-term care facilities, and estate, income and gift tax matters.
    Find an Elder Law Attorney Near You »

Legal Planning for Seniors and Their Families

Planning Ahead for Mom and Dad’s Elderly CareOne of the most overlooked things seniors and their families can do is plan for the future. It can eliminate heartache when something as simple as power of attorney and advance directives are in place.
Family Feuds Over Power of AttorneyConflicts arise from choosing who can make decisions to bickering about what’s best for mom or dad.
How do I get legal authority to make decisions on mom’s behalf?In order to make most decisions on your loved one’s behalf, you must be given the legal power to do so.

Medical Documents Required for You to Legally Make Decisions on Your Parents Behalf

3 Must-Have Legal Documents for Elderly HealthcareIf you haven’t planned in advance to make sure you can act on parent’s behalf if they are unable to, you may not be able to help them when they need it most. 
Avoid the #1 Mistake Elders Make with Healthcare DirectivesTake a look at your loved one’s healthcare directives. Think they’re pretty solid? They could be, but there could be something in them that could cause a lot of grief down the road.
No Legal Documents? Doctors May Not Discuss Elder HealthIf elders live in assisted living, skilled nursing or a nursing home, and they don’t have the proper legal documents in place, doctors might not discuss chronic conditions or even life and death health care decisions with caregivers.

Legal Documents Required for You to Make Financial Decisions on Your Parents Behalf

The Difference Between a POA, Durable POA and Living WillLiving wills, DNRs, durable power of attorney for healthcare and for finances, wills, and living trusts are all very important legal documents that everyone should have.
When Family Doesn’t Have POA the Results Can Be DevastatingEstablishing durable power of attorney – why it’s important to discuss this with your parent now.
What is a Trust?What kind of trust is best for your family’s situation? There are three basic types of trusts…
Estate Administration: Know What To Do When a Loved One DiesWhen a loved one dies, families are grieving. The last thing caregivers want to think about is finances, estate administration and probate. But these issues must be dealt with.

Legal Issues for Alzheimer’s Patients and Caregivers

Dad has Alzheimer’s. Is it too late to name a power of attorney?The law requires that the elder be able to understand what he is giving up in appointing someone to act on his behalf for all money matters.
When Is a Person Too Incapacitated to Sign a Will, Trust, or POA?Under the laws of most states, a person is legally competent to sign documents if at the time of the signing he or she meets the following tests…
Selling a Home if Parent has Alzheimer’sThis can be a tricky issue – and one that elder law attorneys are asked about almost daily. Before turning over the keys to the house, there are some important things caregivers should know.
Are people with Alzheimer’s responsible for credit card debt?A person with Alzheimer’s disease is legally responsible for paying their credit card debt or other debt unless you can prove that she was not competent at the time of sing-up.
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