Aging is inevitable. As your loved ones age, it's incredibly important that you prepare for a number of circumstances. Before you start the planning process, learn how an attorney who specializes in elder law can prevent financial senior abuse with a power of attorney, as well as how they can assist with guardianship issues and financial planning. Have a peek at http://www.lawbh.com/,if you want to have more info about elder laws.
Elder Law Attorneys Can Help Prevent Financial Senior Abuse
It's unfortunate that elder abuse is a major problem, whether it's mental or physical abuse, abandonment or neglect. While it can be difficult for an elder law attorney to protect your relatives from these types of abuse (they're all a case for the police, so call if you suspect something is amiss), a lawyer can prevent financial abuse before it occurs through a power of attorney.
A senior can sign a power of attorney, appointing someone as his or her financial agent. This gives a trusted loved one the ability to make all financial decisions, while leaving other choices, such as where to live, to the senior. Many seniors are susceptible to falling for scams and fraud and this will help ensure that a senior's finances remain intact.
Plan For Your Loved One's Financial Future
Long-term care is incredibly expensive. Whether your loved one requires round the clock care or simply needs someone to stop by for a couple hours a day, the costs can start at $25,000 a year. Many families try to shoulder the cost of care themselves, but this quickly eliminates resources. Estate planning attorneys can help families legally protect their assets, while helping them qualify for services like Medicaid.