Planning for the inevitability of your passing is something to take seriously, and far too many people procrastinate until it is too late. You have no guarantees with regard to your future and people of all ages leave the house without coming home each and every day. When you do not plan ahead proactively it is your family members who would be left behind to deal with the aftermath, and this should be motivation enough for you to take action. The above having been emphasized it really doesn't … [Read more...] about What is a “Durable” Power of Attorney?
Every adult should have an estate plan in place regardless of your age and regardless of your financial status. Far too many people procrastinate with regard to estate planning and you are in fact taking a big risk when you go through life without making the proper preparations for the inevitable. There are a few basic estate plan essentials that everyone should have in place. One of these is some type of vehicle of asset transfer. The most commonly utilized instrument would be the last will, … [Read more...] about Basic Estate Plan Essentials
There are certain choices that must be made when you are preparing for the eventualities of aging. It is not the most pleasant thing in the world to consider, but a time could come when you cannot communicate your own health care decisions. You can put an agent in place to make these decisions for you if you were to become incapacitated by executing a durable power of attorney for health care. These legal instruments are alternately called health care proxies in some areas. Because the POA … [Read more...] about Consider These Traits When Choosing Health Care Agent
The term "oldest old" is utilized within the geriatric community to describe individuals who are at least 85 years of age. In a surprising demographic trend the 10 year age group of people who are between the ages of 85 and 94 grew faster than any other between the turn of the 21st century and 2010. More and more people are living to this advanced age, and while longevity is good on the one hand there are some challenges that go along with it. One of them is the possibility of contracting … [Read more...] about Alzheimer’s Strikes Nearly Half of Oldest Old
For a number of different reasons a significant percentage of adults go through life without an estate plan. Most people know that they should have some type of plan in place but they feel as though they can take care of it later on. Because it is so difficult to get people to take the initiative to execute a simple last will it is even harder to raise awareness about the need to plan ahead for the eventualities of aging. When you are relatively young it's hard to imagine a time when you may … [Read more...] about Practical Preparations for Possible Challenges
Incapacity planning is an important thing to consider when you are looking ahead toward your twilight years. It can be hard to prioritize this when you are younger and in full control of your faculties. However, you should understand the facts if you think that this type of planning is really not relevant to you. Everyone has heard of Alzheimer's disease, and it has touched many of us personally through elder family members. What some people are not aware of is the fact that approximately 45 … [Read more...] about What Is a “Springing” Durable POA?
In the field of estate planning there are various different acronyms that you may see tossed about. One of these is "HIPAA," and we would like to provide an explanation with regard to what this is and why it is important to those who are making preparations for the future. What these letters stand for is the Health Insurance Portability and Accountability Act. Because of the passage of this act the medical community cannot release your medical records to anyone without your written … [Read more...] about What Is HIPAA?
There are some rather challenging realities that we all may face when we reach an advanced age. Because things like limited mobility and incapacity are not very pleasant to consider some people sweep these possibilities under the carpet and never think about them or discuss them with their family members. This is a mistake because the truth is that most people who reach the typical age of retirement are going to need living assistance eventually. In most cases family members provide the care, … [Read more...] about There May Come a Time When Your Parents Need Assistance
Most people view estate planning as a purely financial endeavor, and this is indeed a part of it. However, it is advisable to look at a comprehensive picture. If you enjoy a normal lifespan a lot of things can take place in your life prior to your passing. You should anticipate these possibilities and make preparations for them to be on the safe side. Many individuals are not aware of the fact that dementia strikes approximately half of people who reach the age of 85. Most of these elders … [Read more...] about Planning for Possible Incapacity