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Elder Planning Isn't Just For The Elderly

Estate Planning Archives

3 kinds of power of attorney documents that can help you

Too many people have a negative reaction to the idea of power of attorney documents. While it is true that predatory individuals can, theoretically, use a power of attorney as a means to gain control over or manipulate someone else, in reality, these documents primarily serve the critical purpose of protecting people who experienced severe medical events.

Does your aging loved one have an updated living will?

If you have grandparents or parents in their golden years, you are likely acutely aware of the importance of having a will or estate plan in place. Chances are good that your loved one has already taken the time to arrange for the disposition of their assets after they pass on.

Understanding the importance of a living will

Living wills are important documents that you should understand thoroughly. These documents, also known as a directive to physicians or health care directives, contain your wishes for what you'd like to see happen if you're injured and unable to express your opinions and preferences for medical care. This directive generally works when you're incapacitated, like in the case that you've fallen unconscious or are in an induced coma.

4 important considerations for protecting your assets

You worked hard for the assets you've accumulated. The last thing you need is to lose your assets because you need medical treatment or long-term nursing care. Your estate plan can help to keep your assets protected as long as you take appropriate steps. Consider these tips as you work on getting your estate plan together.

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