Legal and Elder Care Planning
Especially if you are an older
adult, you should have a will or trust drawn up as well as a
power-of-attorney and an advanced directive.
The difference between a will and
a trust is a will is a legal document that goes into effect after the person
dies while a trust goes into effect as soon as it is created. The trustor (the creator of that trust) can
name others to be in charge of the trust when she or he becomes incapacitated
or dies.
A living will, also known as a Health
Care Directive, is a legal document in which a person
specifies what actions should be taken for their health care if they are no
longer able to make decisions for themselves because of
illness or incapacity. The person named
as the health care authority has the power to make medical decisions and sees
to it that the wishes of the person is carried out.
Another legal document many seniors
find is a good idea to have is a Durable Power Of Attorney (DPOA). The document is used if the person (the
principal) ever becomes mentally incapacitated and covers both financial and
medical decisions. The attorney-in-fact
or agent in effect becomes a legal guardian for the disabled principal.
These types of documents should be
drawn up before a person becomes incapacitated.
If someone has a diminished capacity due to Alzheimer’s disease or another
medical condition and needs someone to handle their medical and financial
decisions, a person can pursue a legal Guardianship status for them. Legal guardianship is granted by the courts
and typically continues throughout the remainder of the person’s life. Please refer to your financial consultant or attorney
for more information.
MorningStar at Mountain Shadows represents the best in senior living with a
unique mission statement “to honor, to serve, to invest.” We have built our
foundation on honoring God, valuing all seniors and selecting staff with a felt
calling to serve…all of which contributes to creating a true home for residents
amid a beautiful, serene setting. Call to schedule a visit to one of the finest
assisted living facilities Colorado Springs offers.
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