Many family members assume the responsibility of caring for a senior loved one. In the event of an emergency, Colorado Springs senior care providers encourage caregivers to have certain legal documents in their possession. The documentation gives adult children the legal authority to make decisions concerning finances and health care.
Financial Durable Power of Attorney
If a senior loved one becomes mentally or physically incapacitated or requires stroke or Colorado Springs Alzheimer’s home care, the notarized documentation provides family caregivers with access to bank accounts, personal properties and other monetary and physical assets. Without a durable power of attorney, family members are not able to pay bills, file tax returns, oversee investments or manage other financial matters.
Healthcare Durable Power of Attorney
If an elderly loved one loses consciousness or becomes mentally incapacitated, he or she needs someone to make healthcare decisions on his or her behalf. A durable power of attorney enables a designated family member to act in the best interest of the senior related to matters of healthcare.
The document is typically created while a senior or other adult has the ability to outline the extent of healthcare he or she wants to receive if ever he or she is unable to make decisions. The individualized healthcare plan also relieves family members from having to make difficult decisions should a medical condition lead to impending death.
The legal document details the asset distribution wishes of a senior family member at the time of his or her death. A will is filed with the court and becomes a public record, which ensures the senior’s final wishes are carried out.
Revocable Living Trust
Some might also opt to draft this document in order to avoid issues with probate. The living trust is similar to a will in all aspects except that the trust remains a private matter. In this way, the author of the document may address personal or financial issues that are revealed only to a select group of people.
If you need time away from home to get these documents together, turn to Home Care Assistance for help looking after your loved one. We provide flexible respite care in Colorado Springs that enables caregivers to take time for themselves to relax, recharge, or manage other aspects of life knowing that their loved ones are in good hands. Schedule a free consultation when you call (719) 822-1229 today.