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Posts Tagged ‘health care proxy’

NPR radio series “Family Matters” deals with financial planning with multigenerational households.

The program, "Family Matters," focuses on financial planning for multigenerational households.  At the Elder Law Office we work with many local families in this situation, often with aging parents who move in with adult children when their health deteriorates. One of the first episodes of the program delves directly into elder law issues. The program shares the story of a family that was forced to make many adjustments when a woman's 84-year old father needed a caretaker. The woman explained that the adjustment was not easy. Not only did the job of caretaker not come naturally, but figuring out how…

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What Information Should I keep Handy?

Important Documents To Keep Handy: Keep these documents about your aging parent or loved one in a designated file/folder: Contact Names and Numbers Medication Workshhet Allergy and Condition Worksheet Physician Visit Worksheet Health Care Proxy DNR (Do Not Resuscitate) Order Advance Directives such as Living Will and Durable Power of Attorney Insurance Policies Will and Testament Copy of Medicare/Medicaid Card Copy of Health Insurance/Cards Valuables Designation List

There’s no doubt that many Baby Boomers are planning for the future …but even the savviest among them may overlook one crucial element in their estate plan: a letter of final instruction.

If you’re a member of the Baby Boomer generation, there’s a good chance you have not done even the most basic of estate planning. In fact, only 56 percent of you have a will, according to a 2011 survey by Rocket Lawyer. So, if you have covered that base, give yourself a well-deserved pat on the back … but not too heartily. As SmartMoney recently pointed out, most people overlook another crucial element in their estate plan: a letter of final instruction. The letter of final instruction is a non-legal document that guides your family through important tasks after your…

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Take a look at your investment strategies to help determine how to preserve hard-earned wealth with the goal of creating a family legacy

Asset Protection planning is especially prudent for professionals and business owners whose personal assets could be at risk due to the nature of their employment.