Individuals assisting seniors often discover that seniors have special legal needs. Seniors may need legal assistance in a variety of situations…
- Seniors may need help managing financial affairs. An attorney can help you create a Power of Attorney. With a Power of Attorney, a senior will gain the assistance of an “attorney-in-fact” to help pay the bills and manage bank accounts.
- Seniors may also need help with medical decisions. Several documents address this issue, such as the Living Will and Medical Power of Attorney document.
- If Alzheimer’s or other serious medical condition is an issue, you may want to ask the lawyer about Guardianship. In the event of incapacity, a guardian assists the senior by making important decisions when the senior is no longer able.
- Seniors should consider getting a Last Will and/or Trust if they have not already done so.
- Attention must be taken when seniors transfer assets. Transferring money or a house can have negative tax consequences or even affect eligibility for public benefits assistance. Contacting an attorney with experience in assisting seniors may be a good idea in making transfers of assets.