Power of Attorney for your Elderly Parent

Taking care of an elderly parent can be a complex task, especially when it comes to finances. Most families disregard the subject of finances and avoid talking about it until the time comes when they absolutely have to. However, there may come a time when your parent will not be able to make his/her own decisions.. If you’re a child of an aging parent, you should speak with your parent about taking proactive steps before the need arises. What is a Power of Attorney? A power of attorney is a document that a person signs in order to give another …

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What is a Power of Attorney?

A power of attorney is a document that a person signs in order to give another person control of managing their financial, medical, legal and/or business affairs if there comes a time they are unable to. A power of attorney can be temporary, such as handling the affairs of someone while they are out of the country or undergoing medical treatment, or it can be permanent.

Estate Planning: Why it is important?

Estate planning involves planning for your death as well as your life upon mental incapacity. Despite its importance, it is often overlooked. Statistics show that more than 50% of adults in America do not have an estate plan at the time of their death or incapacitation. Without an estate plan, you are leaving it up to a judge you do not know to decide: how to distribute your assets throughout your family; who will care for your minor children; and who will care for you if you are unable to care for yourself Sound comforting? I know it doesn’t. Don’t …

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