An experienced lawyer has seen it all and knows the best options to explore for their clients, thereby resulting in thorough planning for a desirable outcome. This is especially important regarding the elderly, as family members' decisions are usually influenced by their emotional involvement and thus not necessarily in the best interest of the aged person. The attorney will, in these circumstances, provide unbiased assistance on important aspects, including:
The administration and management of estates and trusts, including estate planning, wills, the formation of trusts, and the drafting of most financial documents. Of importance here is preserving assets to ensure the continued standard of living and care should specialised needs become necessary due to a debilitating illness, like Alzheimer’s Disease or accidental injury.
The drafting of a durable power of attorney allows for the continued management of accumulated assets and the payment of accounts necessary for the care of the older adult or spouse. It will also protect assets from financial exploitation by unscrupulous family members. If it is no longer possible for the older person to grant a power of attorney, possibly due to severe illness like advanced dementia, the attorney will assist the family with instituting guardianship proceedings.
Help with evaluating any long-term options for the possible future residence in a life-care community or a nursing home, thereby developing a financially sustainable plan for the long-term care of the older person or spouse and the acquisition of possible governmental assistance and support.