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Baby Boomers Becoming Caretakers

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					Baby Boomers Becoming Caretakers

A recent survey reported by the newspaper USA Today had some surprising
findings for the growing group of Baby Boomers that are anticipating caring for
their aging parents - only half can name any medications their parents take. The
survey of 600 adults, ages 45 to 65, conducted for the Home Instead Senior Care
network, also found:
        •31% don't know how many medications their parents take.
        •34% don't know whether their parents have a safe deposit box or where
        the key is.
        •36% don't know where their parents' financial information is located.

What they are lacking is incapacitation planning and estate planning for their
parents. In this case, an Advance Health Care Directive or Durable Power of
Attorney would come into play in the event of a medical emergency.

If your parent becomes incapacitated, an Advance Health Care Directive will:

    Provide instructions on how to take care of your parent according to their
     wishes;
    Indicate who should become their Health Care Proxy (person who makes
     medical decisions for them should they become unable to respond, i.e. a
     caregiver);
    Make sure a court will not be the ones to determine what your parent needs
     (do you or your parents want their money spent on what the court deems
     necessary/unnecessary?);
    Allow the Health Care Proxy to make medical decisions for your parent
     (authority can be unlimited, or conditional, depending on your parent's
     desires)

Having an incapacitation plan in place can avoid the intervention of a court for
guardianship or conservatorship proceedings, and allow the parents to make these
decisions on their own while they are able.

An estate planning attorney can work with your family to help put an
incapacitation plan in place. They are also able to address elder law issues that
seniors are facing today, such as asset protection, nursing home expenses and long
term care.


Experienced estate planning attorneys Fayetteville AR of the Deborah Sexton Law
Office PA offers estate planning and business planning resources to residents of
Fayetteville AR. To learn more about these free resources, please visit
http://www.arkansas-estateplanning.com today.

				
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Description: A recent survey reported by the newspaper USA Today had some surprising findings for the growing group of Baby Boomers that are anticipating caring for their aging parents - only half can name any medications their parents take