%PM, %31 %973 %2018 %22:%Jan

Plan Ahead for Legal, Medical and Financial Decisions

Written by
Rate this item
(0 votes)

One of the crucial ingredients to providing top quality elder care is having the proper documentation in place to provide for a seniors’ legal, medical, and financial decision making should they become unable to officiate their own affairs. These days, there are far more options than a simple will. Power of attorney, revocable trusts, and advanced directives are all tools available to families trying to plan ahead in case of conditions that can occur at the end of life, including terminal illness, dementia, Alzheimer’s, or prolonged unconsciousness.

If that sounds dark and a little overwhelming, that’s understandable. Some aspects of senior care and estate planning can be uncomfortable to address. However, it’s important for everyone to be on the same page about not only how assets will be distributed after death, but also how to handle difficult situations that may precede a loved one passing on.

For example, the question of resuscitation can be a contentious one, as can long-term use of life support measures. Having a document like a DNR or advanced directive can ensure that your wishes are met, even if your family members don’t agree on what the best course of action may be in a medical emergency.

Appointing power of attorney well before it’s necessary can also reduce stress and help everyone know exactly what will be done in case of an emergency or serious decline. You can even appoint multiple people to have durable power of attorney. Perhaps a very close family friend is a doctor for example, and would be a reliable person to make medical decisions if you are unable to do so. Or a sibling who is a lawyer might have both the level of expertise and trust to handle your legal affairs or administer a revocable trust in case of illness or your passing.

A revocable trust is simply one of many ways to handle an estate. Rather than your heirs directly inheriting money, possessions, or property, ownership would revert to the trust, which can then distribute your assets. That can have tax benefits in some scenarios. As attorney Martin Pierce explains, “you do not have to report the transfer of any property to the trust on a gift tax return” when you file your yearly 1040. However, it doesn’t mean you skirt taxes entirely. Pierce notes that “a surprising number of people have acquired the mistaken notion that a Revocable Trust somehow avoids death taxes, possibly confusing it with an ‘Irrevocable Insurance Trust.

Another benefit of the revocable trust is that it allows you to make arrangements for after your death like a will, but also while you are alive, similar to power of attorney. You can also make changes to the trust at any time as long as you are alive and of sound mind. That gives you greater flexibility to adjust your plans if your circumstances or relationships change.

It’s never too late to discuss your options with an attorney. You can also talk with the staff at your senior’s retirement community about what documentation may be required or appreciated to provide the best possible service. Taking these extra steps now can help reduce headaches and heartaches in the future, and reduce tension in challenging situations. Now that’s a gift the whole family can get behind!

Read 434 times


  • Comment Link 8 ball pool cheats iphone - 8 ball pool hack coins and cash - 8 %PM, %17 %769 %2018 %17:%Aug posted by 8 ball pool cheats iphone - 8 ball pool hack coins and cash - 8

    My spouse and i ended up being now glad that Emmanuel managed to complete his preliminary research through your precious recommendations he discovered in your web site. It is now and again perplexing to simply happen to be giving freely key points that many people could have been selling. So we remember we need the website owner to give thanks to for this. The most important explanations you have made, the easy blog menu, the relationships you will make it easier to engender - it's got everything great, and it is leading our son in addition to our family understand that topic is satisfying, which is certainly rather vital. Thank you for everything!

  • Comment Link istripper cheat %PM, %17 %564 %2018 %12:%Aug posted by istripper cheat

    Wonderful work! This is the type of info that should be shared around the internet. Shame on the search engines for not positioning this post higher! Come on over and visit my website . Thanks =)

  • Comment Link COMO COMPRAR SYNAPSE (EXPLOIT) %PM, %16 %964 %2018 %22:%Aug posted by COMO COMPRAR SYNAPSE (EXPLOIT)

    I’m not certain where you are getting your information, however good topic. I needs to spend a while finding out more or working out more. Thanks for wonderful information I was looking for this information for my mission.

  • Comment Link Best anal sex site %PM, %16 %848 %2018 %19:%Aug posted by Best anal sex site

    Are you the kind of guy who loves to watch sexy girls get fucked in the ass? If so, then you need to check out this site https://t.frtyt.com/brwbcvyrr4?aff_id=29696&offer_id=5425&nopop=1 This is the one place where anal sex lovers can get their fix. You’ve never seen asses this tight fucked by cocks this big. Each asshole is super tight and it gets fucked by a huge cock. It’s impossible not to beat off while watching these beauties getting ass fucked.

  • Comment Link gta v free camera - gta v free keygen %PM, %16 %770 %2018 %17:%Aug posted by gta v free camera - gta v free keygen

    Thank you for the good writeup. It in fact used to be a enjoyment account it. Look complicated to more introduced agreeable from you! However, how could we keep up a correspondence?

  • Comment Link war dragons hack cheat tool - war dragons cheat for android - %AM, %14 %279 %2018 %05:%Aug posted by war dragons hack cheat tool - war dragons cheat for android -

    Howdy would you mind letting me know which web host you're using? I've loaded your blog in 3 different web browsers and I must say this blog loads a lot faster then most. Can you recommend a good hosting provider at a honest price? Many thanks, I appreciate it!

  • Comment Link prediksi saham terbaru %PM, %13 %915 %2018 %20:%Aug posted by prediksi saham terbaru

    Your article on Plan Ahead for Legal, Medical and Financial Decisions is very good. I hope you can continue writing many more blog in the future. Long live morningsideofcollegepark.com

  • Comment Link Make money with social media %PM, %13 %615 %2018 %13:%Aug posted by Make money with social media

    Are you the type who likes to hangout on social media? Have you ever thought about making it a career? You can help promote their business using social media. This means you can do what you already love doing and make money at it. Does this sound like something you’d like to do? If so, then check out http://d526fc0l5b3nfyfg3bx3sfpbkq.hop.clickbank.net/ You can help people and make some money in the process. You already hang out at social media sites. Why not make a few bucks doing it?

  • Comment Link Make Money Promoting ClickBank %AM, %13 %382 %2018 %08:%Aug posted by Make Money Promoting ClickBank

    Did you know that people make their entire income promoting ClickBank? You too could be one of the many who have quit their job. Affiliate marketing is as old as the internet. It’s not going to go away any time soon. You too can get your piece of the pie. Why shouldn’t you? Do you really like working the job you have? Are you going to be able to do it until you retire? If you’re job requires physical labor, then you know the answer to that question. There’s no way you’re going to be able to do that when you get older. That’s just the truth and no one needs to tell it to you. Right now you could be making money online. Does it require work? You better believe it does. No honest person is ever going to tell you that it’s possible to become a millionaire online without doing any work whatsoever. It’s not possible. That doesn’t mean there isn’t money to be made. There’s plenty of money out there to be made by people just like yourself. Now you know there’s going to be a pitch for a product. You’re right about that. Click on the link http://64efd6-lz41s3rcelbr7s2xl7x.hop.clickbank.net/ and check it out. There’s a video you can watch that will explain everything. It will tell you how to make money using ClickBank. Watch the video and see what you think. You too can be one of the many who earn a living promoting ClickBank. Some people earn a good living and there’s no reason why you can’t.

  • Comment Link Learn how to become a millionaire %AM, %12 %538 %2018 %11:%Aug posted by Learn how to become a millionaire

    Just imagine for a second if you could get into the mind of a millionaire. Think of all the things that you could learn. Well, you actually can do just that. A millionaire is giving away all of his secret right on the internet. You don’t even need to leave the house to learn what made him rich. All it takes is visiting http://e31a67zd-ccr7u13el2cflqp0d.hop.clickbank.net He will literally teach you all of the secrets to making money. Don’t you think it’s time that you earned the living that you deserve? Change your life today by simply following the link above. Do it for yourself and everyone that you care about.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Request Information