POA & Guardianship Articles
You planned ahead and were named power of attorney, but why won’t they accept it? Know the three main reasons why financial institutions might prevent you from accessing your loved one’s accounts.
A lawsuit brought against legendary singer Glen Campbell, who was recently diagnosed with Alzheimer's disease, highlights the serious responsibilities that develop when we delegate authority with a POA.
Appointing someone to manage your finances and medical care is a serious decision. Before settling on an agent, consider how they might handle these responsibilities and the major consequences their actions could have.
Power of attorney forms are widely available from online sources but while some are better than others, there are some key points that you should take into consideration before going that route.
Understand the specifications of your POA document to avoid unnecessary strife regarding important medical and financial decisions.
When you become your parents' financial power of attorney, you now have two sets of finances -- your own -- and your parents' to manage. It can quickly become overwhelming.
It is crucial to engage in proper legal planning with family members while they are still of sound mind. An elder law attorney outlines competency criteria that must be met in order to obtain valid legal documents before a crisis strikes.
When "principal" (the person signing the the power of attorney) dies, the POA terminates. To draw money from the account, you must have a different type of legal authority. .
If an aging loved one has not named a power of attorney and is losing their ability to think clearly and handle aspects of their daily life, it might be time to seek guardianship.
An advance care directive is one of the most important legal documents that anyone can make to ensure that their preferences regarding healthcare are carried out in the event that they are no longer able to make decisions for themselves.
Familiarize yourself with the basic legal documents and forms that seniors and their caregivers use to create cohesive legal, financial and medical plans for the future.
Power of attorney (POA) documents are a crucial part of a legal plan for one’s future. However, the way these documents are written can either empower trusted individuals to help manage one’s affairs or cause unnecessary headaches.
If your father's Alzheimer's disease has progressed to the point that he is unable to understand the concept of giving you the right to make his financial decisions, it is too late for him to sign a Power of Attorney (POA).
Getting a durable power of attorney (DPOA or POA) sometimes costs nothing and can be done for free.
If your mother is no longer able to provide care for your father and he is not competent to sign a durable power of attorney, petition the court to appoint a legal guardian and conservator.
Many people, like your elderly aunt, are afraid to deal with wills, powers of attorney, etc. because they think it makes it more likely that something bad will happen to them.
Take a look at your healthcare directives. Think they're pretty solid? There could be something in them that could cause a lot of grief down the road.
Two common scenarios are when a caregiver no longer wishes to be POA and when a family member wants to challenge the legality of a POA’s actions. Changes are dependent on the principal’s competency, how the document is written and the desired outcome.
A Do Not Resuscitate Order is a legally binding physician’s order for a patient, that no steps will be taken to restart a person’s heart when it stops or to get a person breathing again.