Many adult children in Georgia are helping to care for aging parents with health care concerns. In some situations, parents suffer from mental illness; in particular, dementia or Alzheimer-related symptoms. Beyond the sorrow of having to witness a parent's cognitive and mental decline, it can be stressful trying to keep on top of various estate-related issues that may arise.
Understanding difference between trustee, trust and related terms
Many older people in Georgia are concerned with issues having to do with long-term care. Planning an estate often intersects with various long-term care situations. Creating a solid plan is easier if one first seeks clarification regarding terminology, such as trustee, beneficiary, revocable, irrevocable and more.
Who will care for your special needs child when you pass on?
When you have children, you know it's your responsibility to ensure care and financial stability for your offspring until they are old enough to provide for themselves. Most of the time, the age of majority or the age when a child finishes a college education are when parental responsibilities begin to taper off. For those with special needs children, including children with autism or Down syndrome, support and care may be necessary indefinitely.
Geriatric care support available for senior citizens
Many adult children in Georgia reside significant distances away from their aging parents and, therefore, can't be with them in person to address various issues that arise. Geriatric care support is a great asset for senior citizens and their families in such situations. If adult children know where to seek support, they can connect with experienced support teams who are used to handling various financial, medical and legal issues that often arise in elder years.
Critical factors of solid estate planning care for elders
Many Georgia elders spend a lot of time thinking about their own mortality. Most want to make sure their health care needs and final wishes are fulfilled if they become incapacitated and unable to speak for themselves. It's not uncommon for a parent of adult children to make such wishes known through private conversations with a son or daughter. The estate planning process can be used to ensure that an elder's instructions are carried out.
Watch out for these potential problems when nursing home shopping
It's not easy to come to the realization that your mother or father needs to live in a nursing home. It's not easy to go through the process of choosing the perfect care facility for your loved one either.
Banking, Elder Law, and Protecting the Financial Future of Older Adults
Older adults have unique personal, health, and financial needs. Addressing those needs is essential to maintaining the quality of life for you or your loved ones.
Asset protection: Dont' let nursing home costs gain upper hand
Anyone currently making payments to a nursing home or researching potential costs involved in helping a loved one transition to full-time nursing home residence understands how expensive it can be. Many Georgia elders are concerned that their assets will take serious hits as they try to meet the staggering costs of their assisted living care. There are several things older people can do for asset protection when making long-term care plans.
