In Georgia and elsewhere, many elders have close relationships with adult sons or daughter, or perhaps adult nieces, nephews or grand-children. Such family members are often key figures in helping aging loved ones manage their financial affairs. An ongoing situation in another state involves the great-nephew of an older woman, who has owned and operated a hotel for many years, and a recent court decision to appoint a legal guardian due to her supposed incapacitation.
Choosing a nursing home: How to tell the good ones from the bad
Many circumstances can prompt a Georgia elder's decision to transition to an assisted-living environment. When an elder is no longer able to function independently, he or she, along with adult children or other family members, may research nursing home services and available residencies. Especially if one has never had experience with nursing facilities in the past, it can be quite challenging trying to figure out which companies provide the highest quality care.
How do you pick the right person to receive power of attorney?
One of the most difficult aspects of creating an estate plan is unquestionably the need to allocate responsibilities to people in your family. Choosing who gets what asset may be a simple process by comparison. There may be certain items that have a meaningful history for family members or loved ones, or assets that people have specifically requested to inherit.
Conservatorship: What is it and when is it necessary?
Most people over the age of 75 encounter mental or physical health challenges. It is often an adult son or daughter who is tasked with providing support to an aging parent, which can be quite difficult if a parent suffers physical or mental incapacity. In Georgia, and elsewhere, conservatorship is a process that allows someone to act on behalf of another who is no longer able to act on his or her own behalf.
