The operative word here is “suddenly.” In reality, it is best for everyone, including banking institutions and physicians, friends and neighbors, if the chosen Power of Attorney and the loved one assigning that title prepare well before incapacitation. It is a tough word to accept – incapacitation – but it is the reason for a… Continue reading Suddenly Obtained Power of Attorney? Five Things to Do & Five Things Not to Do
Tag: power of attorney
Estate Planning Is Not Just for the Ultra-Rich Anymore
Hollywood’s stereotype of estate planning usually features assorted nieces, nephews and cousins gathered in the drawing room of a 100-year-old mansion greedily waiting to hear what an eccentric rich relative left them. By the time the scene is over, no one is happy – and that part, at least, has some veracity. Thousands of people… Continue reading Estate Planning Is Not Just for the Ultra-Rich Anymore
Leave The Legacy You Want with This End-of-Life Checklist
A lifetime of hard work may have rewarded you with a nice home and hefty bank accounts, but what happens to all those assets once you’re gone? Maybe you want everything to go to the kids. Perhaps a charity or a cause you champion should get a portion. And what happens if, before you die,… Continue reading Leave The Legacy You Want with This End-of-Life Checklist
6 Misconceptions About a Power of Attorney
If you had a television in the 2000s, you are familiar with the famous right-to-die legal case involving Terri Schiavo, her parents, and husband Michael Schiavo. After falling into an irreversible vegetative state, the question became, whether to pull the plug or keep her on life support. Without a Power of Attorney addressing medical, financial,… Continue reading 6 Misconceptions About a Power of Attorney
The Importance of A Chronic-Care Plan
Editor’s note: Nobody likes to think about becoming incapacitated, but preparing for the time when chronic care is needed can go a long way toward having peace of mind for both the potential patient and their family. Here, from the experts at Generations Healthcare, a network of skilled nursing, memory care and rehabilitation facilities in… Continue reading The Importance of A Chronic-Care Plan
10 Financial Questions to Ask Your Parents
As the years go by and mom and dad age, life can become complicated. Certain things are practically impossible to prepare for, while others, like finances, can and should be organized and taken care of early on. What do you, as an adult child, need to know about your parents’ finances? Kurt Kazanowski, a hospice,… Continue reading 10 Financial Questions to Ask Your Parents
Alzheimer’s Disease and Decision Making: Do I Know You?
The heartbreak associated with losing a loved one to Alzheimer’s disease is indescribable. One day, an adult child holds the hand of a parent; the parent asks, “Do I know you?” and the child’s heart (no matter what age) breaks into thousands of tiny pieces never to be repaired. A spouse experiencing the same response… Continue reading Alzheimer’s Disease and Decision Making: Do I Know You?
Better Communication Needed on End-of-Life Directives
Increasing numbers of people have advanced care planning, but a survey found that almost 40 percent of them didn’t discuss their preferences with the people they designated as their representatives. A study led by Johns Hopkins researchers reviewed nearly 2,000 surveys with people whose loved ones died of cancer. They found a 40 percent increase… Continue reading Better Communication Needed on End-of-Life Directives