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Everyone who is over the age of 18 needs a legal documents including estate planning, which includes a will or trust saying who is in charge, who gets what, and what is the manner in which they get it.

What I think is more important is incapacity planning, which includes a:
1. Financial Power of Attorney: Pay assets, pay bills, and keep credit in shape.
2. Medical Power of Attorney: Make non terminal medical decisions.
3. Advanced Medical Directive: If you are in a terminal condition, what are you wishes.

We are all mortals. You need to have these for any estate planning. Some colleges do not even communicate to the parents if the children are over 18. They won’t give them their grades. Some parents want to get the power of the attorney so they can know what they are paying for and/or if their child is well. The hospitals want to avoid risk.

Chronic Condition Planning is Critical.

Age is a factor – if you are young and healthy, you are a good bet. As you age, it becomes more important to have plans in place. Also, you want to make sure that your loved ones have these plans set so their decisions prevail. If you don’t have that in place, the states have statues in place and will make the rules for you. You might not like the results.

What are the characteristics of a senior that is prepared for elderly care?

A prepared senior is prepared for elder care when they have:
1. Secured the documents for estate and investment planning.
2. Have a relationship with a legal professional.
3. Have gathered personal data for planning (birth certificates, bank statements, etc.).
Read more for a comprehensive list of “being prepared” documentation.

Get professional help

Learn more about how to be well prepared for elder care in the event you end up with a chronic condition.