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January 2018 Archives

Why everyone needs a financial power of attorney

In our last post, we covered questions to discuss with a health care surrogate (the person your appoint to make medical treatment decisions on your behalf through advance directives, such as the medical durable power of attorney). Along the same vein, everyone needs to have a financial power of attorney that authorizes a trusted relative or friend to take over your finances if you cannot.

Legal issues for adult children to consider as their parents age

While it may feel difficult to bring up sensitive issues related to aging, adult children should think carefully about how to facilitate conversations with their parents about the possibility of eventual physical or cognitive decline and about getting their personal and financial affairs in order, sooner rather than later. Doing this while they are healthy allows them to plan for eventualities according to their personal wishes during a calmer stretch of life with plenty of time for thorough planning

Questions to discuss with a health care surrogate

We frequently stress that having a simple will does not help loved ones until after you pass away. In the days, weeks or years that you might be unable to make decisions, you need to have proper documents in place to avoid the need for a guardianship.

Learning how to fall in order to remain independent

For older Americans, falls are a leading cause of death. Falling becomes a serious concern as early as the 70s when bones start to become more brittle. Broken bones also take longer to heal. A fall can become the triggering event that leads to a loved one’s ultimate decline.

Should an estate plan update be your 2018 New Year’s resolution?

People have been making New Year’s resolutions for 4,000 years since the Babylonians started the practice, according to the History Channel. The beginning of a new year is a time to examine your life to see what steps you may take to make improvements, including things you might have been putting off. For many people, a smart resolution would be to establish or update an estate plan. 

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