Sunday, April 13, 2014

Critical Issues to Consider in Planning Via Powers of Attorney

ElderLawGuy Jeff Marshall succinctly discusses four critical issues that individuals and families should consider when using Powers of Attorney in estate and incapacity planning. Here's the link to Jeff's "Powers of Attorney: Things You Need to Know."

Advance Directives/End-of-Life, Consumer Information, Elder Abuse/Guardianship/Conservatorship, Estates and Trusts, Property Management | Permalink

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I tend to wonder about the phrase "asset protection from health and LTC costs" ..... if the assets become protected, who pays? I think we all know the answer to that question. Are those who achieve this asset protection those who considered the government "too big" "too involved in private lives" in their productive years ... but at the end of life they "conveniently" shift their view, expecting The State (fed and state governments) to take care of them via Medicaid?
To switch gears a moment, what recourse does an elder have who HAS no family? Are Trust Departments of Banks the answer? Would they be willing, for a fee, to take on non-millionaire clients? I'd like to see more information for seniors who will need third party support if they are incapacitated.

Posted by: Jennifer Young | Apr 14, 2014 5:56:39 AM

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