Advances in medical care have added years to the life of the average California resident. Illnesses that would once result in almost certain death can now be treated, and the individual can continue on with a normal life. As a loved one ages, many times, it is up to family members to decide what that individual wants and how to medically best take care of him or her. These decisions can be stressful for the family and often cause dissension. In order to avoid all this, one can establish advanced health care directives indicating the type and extent of medical care desired.
Unfortunately, planning for the future involves planning for both the best and worst case scenarios. Under the best of circumstances, the individual will live a long, full life and be able to enjoy California retirement. On the other hand, this is not guaranteed, and the individual may suffer a condition in which he or she is unable to make their own personal decisions. In both instances, a durable power of attorney will be a beneficial document.
Are elderly people with symptoms of cognitive degeneration more susceptible of being fraudulently scammed than are younger people not exhibiting any signs of mental impairment?
Perhaps your rapidly aging mom or dad finally got on board regarding the sensible proposal that important aspects of estate planning be candidly addressed and purposefully dealt with. Indeed, your parent might have been hinting at a desire to closely focus on administration matters for some time before finally acting to move forward and foster some peace and certainty regarding those matters.
An attorney who has prepared an estate plan may have recommended provisions that prepare for the possibility of incapacity due to a serious medical condition or accident. For example, a living will can address whether an individual would prefer to decline certain life-sustaining measures. A health power of attorney can also appoint someone as an individual’s health advocate to make decisions not specifically addressed by the living will.
Although estate planning involves the designation of assets to one’s heirs or loved ones, it can also provide for the grantor during his or her lifetime.
Having trouble choosing between a will and a trust? Worry no longer. The choice is really a false proposition, as a comprehensive estate plan is multi-faceted. In addition to a will, an individual should also consider including documents such as a living will, a medical and financial power of attorney, and various types of trusts. Our firm focuses on estate planning and can walk you through a wealth inventory and assessment in order to better explore each of these legal options.
As the holiday season approaches, Santa may not be the only one making a list and checking it twice. Readers may be making lists to serve various purposes. Some may rely on a list to send out holiday cards. Others may be making holiday wish lists.
Who should be the trustee in a living trust? Since this type of trust is revocable, many individuals prefer to name themselves as trustee.