Financial POA Articles - AgingCare.com

Financial POA Articles

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Adding this one simple step when a loved one creates or changes their will, powers of attorney and other crucial legal documents can minimize unnecessary stress and familial discord down the road.

Power of attorney documents allow caregivers to advocate for their loved ones, but some institutions require additional documentation. See what specific permissions you’ll need to access personal information and make vital decisions.

Using financial power of attorney to manage a senior's expenses is confusing if you're not organized. Learn 7 ways to keep finances on track.

Whether you’ve been named as someone else’s power of attorney (POA) or you’re looking to appoint one for yourself, know what responsibilities and limitations come with this designation.

Would you know what to do if you suddenly had to take over managing money and paying bills for your parent? Here are 10 things you need to know before assuming this responsibility.

Getting a durable power of attorney (DPOA or POA) sometimes costs nothing and can be done for free.

Many adult children are unaware of their parents’ financial situation until they step in to help manage money or begin the probate process. If you find that a parent has racked up some debt, it’s normal to wonder if you may be on the hook for repayment.

Many family caregivers are granted the power to manage an aging loved one’s finances, and this often includes handling an elder’s investment decisions. While this can be a daunting task, these pointers can help guide you.

To avoid a maze of bureaucratic hurdles and the frustration caused by an inability to act at precisely the time you need to, make sure your loved one has the proper legal documents in place.

Having the foresight to make arrangements for your elderly parent's long-term care can save the rest of the family both emotional and financial distress. This expert advice should help with asset protection and financial planning for you an your elderly parents. Better yet, caregivers can use these strategies to ensure they are prepared for their future needs as well.