Estate Planning For the End of LifeJun 02, 2011 / By: Pablo Palomino, Estate Planning Attorney / Category: Estate Planning, Funeral Planning, Incapacity Planning, Long Term Care, POA, Wills & Trusts
If you have an elderly loved one, ensure that he is able to live comfortably and that all estate planning affairs are handled. In other words, take the time to review your loved one’s needs to ensure that everything is being handled appropriately. If you need help, meet with an elder law – estate planning attorney.
- Make sure that your loved one has a full estate plan in place. If your loved one has never planned, now is the time to do so. If there is planning in place, but it’s more than 3 years old, encourage your loved one to update.
An emergency may occur when your loved one is least expecting it and you want to make sure that he is fully protected. If your loved one loses capacity to execute estate planning documents, you will have to go to court for a conservatorship proceeding.
Talk with your loved one about his estate planning to ensure that all matters have been handled. This can also serve to bring a greater sense of peace to your loved one as well as to you and your family members.
- Make sure that your loved one’s healthcare needs are met. Is your loved one receiving proper medical attention? Does he or she need more medical help as life unfolds? Discuss your loved one’s health along with your loved one and his doctor to better understand current and probable future needs.
- Understand your loved one’s long term care insurance. If your loved one has long term care insurance, it’s important to make sure that you understand all of the terms. Now is the time to carefully review all information.
- Consider funeral planning. Taking the time to plan ahead for funerals or memorial services can eliminate much stress in the future and can ensure that your loved one’s wishes are fully respected. It’s important to discuss this option with your loved one.
Carefully review your loved one’s needs as well as the current plans in place. It is in both your best interests and those of your loved one to make sure that your loved one has proper planning so that he continues to be protected. If you have any questions about your elderly loved one’s estate planning needs, consult with a qualified elder law – estate planning attorney.
Legacy APC, A Trusts & Estates Law Firm is a member of the American Academy of Estate Planning Attorneys.