Many Georgia residents are senior citizens. Getting older often presents many cognitive, physical and financial challenges. Adult children and their aging parents can take comfort in knowing that they can tap into local support resources as needed to address long-term care issues that may arise.
Incapacitation: One of many elder law issues in Georgia
No one wants to consider the possibility that he or she might one day become incapacitated. Many Georgia residents will find themselves in need of assisted-living care this year. Adult children and other patient advocates will likely try their best to help their loved ones or clients develop elder law plans that protect their financial interests and provide for their medical health, as well.
Durable power of attorney protects those in cognitive decline
A thorough estate plan considers all kinds of potential future circumstances. From a last will that includes succession of inheritance in case an heir dies to limit how many revisions you must make, to adequate direction for medical issues you may experience, there are many circumstances that your estate plan should cover.
Trust planning and estate planning often go hand in hand
Long-term care issues can be complex. Many adult children in Georgia are currently trying to help their aging parents execute estate plans prior to transitioning to assisted-living residences. For many elders, forming a trust will be an integral part of their plans.
Asset protection is critical factor toward long-term elder care
In Georgia and elsewhere, nursing home living is typically quite expensive. However, it is not uncommon for older people to need daily living assistance for any number of reasons. That is why it is always a good idea to think about asset protection and to plan for the possibility of needing funds to pay for nursing home living at some point in life.
Basic issues to consider regarding long-term care planning
There may come a time in any Georgia resident's life when he or she is unable to function independently on a daily basis. This type of situation may be prompted by an injury, a medical treatment such as surgery, or a natural decline in physical or mental health capacity due to the normal aging process. Long-term care planning can help meet health and personal care needs for as long as necessary in a particular situation.
