Alzheimer's disease causes dementia, and dementia can cause victims to lose their capacity to make sound decisions. People are living longer than ever, with the 10 year age group comprised of people between 85 and 94 years old growing faster than any other from the year 2000 to 2010 according to the United States Census Bureau. Once you reach the age of 85 Alzheimer's becomes a very real threat with upwards of 45% of the "oldest old" suffering from the disease according to the Alzheimer's … [Read more...] about Alzheimer’s Alone Makes Incapacity Planning a Must
Preparing assets for distribution to your loved ones after your death is an important undertaking, but equally essential is the need to prepare your loved ones for end-of-life realities, as well. One of the most stunning demographic trends of our time is the rapid aging of our society. It is estimated that the senior citizen population will double by the year 2030. Upwards of 10,000 people are joining the Social Security rolls each and every day. To drill down further, those termed the "oldest … [Read more...] about Advance Health Care Directive Primer
When you feel perfectly capable of handling your own affairs it can be hard to wrap your head around the notion that you may become unable to make your own decisions at some point in time. However, incapacity is quite common among our nation's elders. One way to address this possibility would be through the creation of a durable power of attorney. Empowering an Agent When you create a power of attorney you are empowering an agent to act on your behalf. In the legal field, powers of … [Read more...] about Why Would I Need a Durable Power of Attorney?
Your estate plan is obviously going to facilitate the transfer of your financial resources after you die. However, a comprehensive, holistic plan should also address the contingencies that you may face before you pass away. This having been stated, incapacity is something that is quite common among elders. Incapacity planning will typically include the execution of a legally binding document called a durable power of attorney for health care. … [Read more...] about Should I Have a Durable Power of Attorney for Health Care?
When you consult with an estate planning attorney, you will probably have financial matters first and foremost in your mind. While this financial component is important, you should also include an incapacity component. Many people become incapacitated before they pass away. They may not be able to make their own decisions. This possibility is typically accounted for by the execution of a legally binding document called a durable power of attorney. … [Read more...] about Who May Act as an Agent Under a Power of Attorney?
In the legal field powers of attorney are utilized for various different purposes. A power of attorney in Oklahoma is used to name someone who will be legally empowered to act in your behalf in a legally binding manner. The person executing the power of attorney is referred to as the grantor or principal. The individual who is empowered to act on behalf of the principal is the agent or attorney-in-fact. There are multiple types of powers of attorney. In this post we will look at limited … [Read more...] about Power of Attorney in Oklahoma: Limited POA vs. General POA
A power of attorney is a document that is used to name someone who may act in your behalf in a legally binding manner. There are different types of powers of attorney. … [Read more...] about Who Can Create a Power of Attorney in Kansas City?
Most people are going through life without an estate plan, and it is not always because they are irresponsibly shirking a responsibility. In many cases there is so much to take into account that it can be hard to know where to begin.With this in mind we would like to look at four prime estate planning/elder law concerns. … [Read more...] about Consider These Four Estate Planning Concerns
Attorneys Larry Parman and Jerry Shiles reveal the top three issues that arise when a child takes care of a parent with Alzheimer's, and how to successfully address these issues. … [Read more...] about Discover the Three Biggest Problems Children of Alzheimer’s Patients Will Face
When it comes to estate planning, we talk quite a bit about what you should do. DO make sure that your estate plan is up to date for example, and DO discuss the different options with your estate planning attorney to be sure you have the right documents in place. Now, it's time to talk about a few "donts" - mistakes you want to make sure to avoid at all costs. We've listed the top three here but as always, discussing your unique concerns with an estate planning attorney is always your best bet. … [Read more...] about Three Estate Planning Don’ts