Top Reasons Everyone Needs a Comprehensive Power of Attorney
The benefits of a highly detailed, comprehensive power of attorney are numerous. Unfortunately, many powers of attorney are more general in nature and can actually cause more problems than they solve, especially for our seniors. Below are the highlights of the benefits a comprehensive, detailed power of attorney, including some of the provisions that should be included.
Providing care for a senior family member, particularly long-term care, can bring about lost wages and missed opportunities for the caregiver. A report by Genworth entitled Beyond Dollars 2018 shows that although statistically having to miss work to provide care is down 7% from 2015, overall 70% of caregivers still report missing work because of caregiving responsibilities.
This is the time of year we like to pause and reflect on that for which we are thankful. In our personal lives, we often share these thoughts around the table at Thanksgiving. In our professional life, the words “thank you” are not said often enough. We would like to say “thank you” for the people and things that make our lives more fulfilling. Here are five things we Elder Law Attorneys are thankful for.
Medicare and Medicaid have long been a mystery to many consumers. In fact, it can baffle and confuse even some of the smartest citizens. Like me, you might have thought, “I don’t need to worry about this right now.” However, it is never too early to gain a little understanding and awareness that just might help you help an aging loved one or yourself down the road.
Joint bank accounts are owned equally by all who are named on the account. All can spend without question. You may not believe that your children would take your money without permission – but what if that child might be going bankrupt? In a bitter divorce? Is sued?