Why Your Parents Need a Durable Power of Attorney

Why Your Parents Need a Durable Power of Attorney

Did you know that having a durable power of attorney can be extremely useful for you and your loved ones? A power of attorney grants another person the legal authority to make decisions on your behalf. There may be many circumstances in which you might become unable to make financial or legal decisions on your own behalf, whether due to illness or absence. Having a power of attorney included in your estate plan allows someone you trust to do so...
Why Your Aging Parent Needs a Power of Attorney NOW

Why Your Aging Parent Needs a Power of Attorney NOW

Have you heard that one of the most important estate planning documents may be the durable power of attorney? This document can give a trusted adult the ability to manage the affairs of another, should that individual become incapacitated. If there is not a valid power of attorney in place before becoming incapacitated, then the court may appoint a guardian for the individual, and it may not be who the incapacitated person would have...
7 Tips for Helping Your Senior Loved Ones Avoid Isolation During Covid and Beyond

7 Tips for Helping Your Senior Loved Ones Avoid Isolation During Covid and Beyond

Have you considered that isolation among seniors may be very common, even more so right now with pandemic restrictions? Social isolation can significantly impact health, well-being, and quality of life for seniors. Let us take a look at seven ways to help seniors avoid social isolation.  Join the Club. There may be a number of clubs open to seniors that are social in nature, and many senior centers have successfully transferred activities...
Will I Need To Pay My Parent’s Nursing Home Bill?

Will I Need To Pay My Parent’s Nursing Home Bill?

The decision to place a parent into a nursing home for full-time care can often be wrought with a range of emotions, including sadness, worry, stress, and guilt. On top of those emotions, there may also be an overwhelming concern about the cost of nursing home care and how those bills are going to be paid. Will you be on the hook for your parent’s nursing home bill if he or she cannot afford it? The short answer is: probably not, but you should...
Medicare Open Enrollment: Three Things Seniors Need to Know

Medicare Open Enrollment: Three Things Seniors Need to Know

Did you know that Medicare open enrollment is upon us? With Medicare open enrollment time, there may be important things seniors need to keep in mind. Here are three things seniors should know: You must have enrolled in Medicare when you were first eligible to participate in open enrollment. This means that you (1) were automatically enrolled in Medicare because you were already receiving Social Security or Railroad Retirement benefits and you...