What Legal Documents Are Needed?
Legal documents that seniors should have include durable powers of attorney, advance directives including living wills, revocable trusts and wills.
We cannot over emphasize the value of planning for potential illness or eventual death of an elder. However, discussions of this nature are difficult for families. Adult children are now involved with private financial matters and new caregiving responsibilities. Recent studies show that this type of planning is one of life’s highest stresses. Keep in mind boomers are in denial planning for long-term contingencies for themselves or their aging parents.
Your ultimate purpose of reviewing the above elder’s legal documents is to ensure that the documents exist, are easily available in case of a crisis, and its terms meet the elderly person’s goals and objectives.
Legal documents that seniors should have include durable powers of attorney, advance directives including living wills, revocable trusts and wills.
We cannot over emphasize the value of planning for potential illness or eventual death of an elder. However, discussions of this nature are difficult for families. Adult children are now involved with private financial matters and new caregiving responsibilities. Recent studies show that this type of planning is one of life’s highest stresses. Keep in mind boomers are in denial planning for long-term contingencies for themselves or their aging parents.
Your ultimate purpose of reviewing the above elder’s legal documents is to ensure that the documents exist, are easily available in case of a crisis, and its terms meet the elderly person’s goals and objectives.
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