With the number of extended families growing rapidly, many people are having to care both for their own children and for elderly parents or other family members. Caring for an elderly person, even if you?re just acting as someone who can be there in an emergency, requires some careful planning. If you haven?t already done so, you and your elderly family member will want to discuss creating some key elder care legal documents that you may need in certain situations.
Document 1: Financial Powers of Attorney
A financial power of attorney allows you to let someone else take over your financial responsibilities and make financial decisions. For those with elderly family members, a power of attorney can allow you to pay bills, manage financial accounts, and make sure the family member?s finances aren?t neglected if that person is suddenly incapacitated.
Document 2: Healthcare Powers of Attorney and Living Wills
Known collectively as ?advance directives? a healthcare power of attorney and a living will are important when a medical emergency arises. If a person has a living will, he or she can write out what kinds of medical care are acceptable and what isn?t desired. A healthcare power of attorney, on the other hand, allows someone to make medical decisions when the person is incapacitated and the living will is otherwise silent.
Experienced estate planning attorneys Dallas TX of the John R. Vermillion & Associates, LLC offers estate planning and business planning resources to residents of Dallas TX. To learn more about these free resources, please visit www.revocabletrusts.com today.
http://www.revocabletrusts.com
Source: http://targetlaw.com/3-key-legal-documents-for-elder-care
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