Having the
right documents in place as you age is important to ensure that your wishes are
carried out and decisions are made in your best interest. Unfortunately some
people don’t realize the need for these forms until it’s too late. Right now
they are able to think clearly and make sound decisions, but a few years down
the road, things may change. You want to be prepared in the event that you are
unable to make decisions, be they medical or financial.
There are
several documents that you should discuss with your aging parent while they are
capable of making their own decisions. The professionals at Always Best Care of
Asheville-Hendersonville recognize the importance of advanced planning and
encourage seniors to work with their family to have the proper forms and plans
in place.
·
Durable Power of Attorney: While a power of attorney appoints
another person to make decisions on your behalf while you are mentally and
physically able, should you become incapacitated in some way, their power
becomes void. A durable power of attorney grants them the ability to make
decisions on your behalf should you become unable to. Some people use the
durable power of attorney for both financial and healthcare matters, while other
people separate these roles and assign them to different people. You can
clearly outline the details of what decisions they are able to make and when.
·
Living Will: This is also known as an advanced
directive. It a document that outlines your healthcare wishes should you become
incapacitated. You can determine what steps you want to be taken and what steps
you do not want when it comes to saving or prolonging your live. A durable
power of attorney for health care should be filed as well to appoint an agent
to make decisions. This agent could be a family member or trusted friend.
·
Living Trust: You may also want to consider a
living trust. This document transfers your assets into a trust and then you can
designate someone to be in charge of it. Should you become incapacitated or
pass away, they are able to make decisions regarding your assets. A last will
can be helpful as well as it specifies how you want your assets to be handled
should you pass away. If no trust or will is in place, the state takes charge
of your assets.
These are
just a few documents to consider. Taking the time to talk to your lawyer can
help you to be better prepared and make sure that everything is in place ahead
of time. Don’t put off planning until the last minute when you are under
pressure. Do it while you are thinking clearly and able to decide how you want
things to be handled and by whom. Always Best Care of Asheville respects
seniors’ wishes and supports them in leading a full and quality life. For more
information, contact Always Best Care online or at (828) 989-7263.