These areas need to be handled by the proper legal vehicle for specific circumstances and need to be properly prepared. Although a difficult subject to discuss with aging relatives, the net result can be reduced worry knowing that preparations are in place, and emotional and financial savings for the family including the aging relative. And while you're doing it, do it for yourself as well. Remember, it is very easy to put off this type of preparation until it is too late. The above information should not be used as legal advice.
Individual circumstances vary.
The law provides many variations and options. Consult an attorney for important decisions regarding the topics discussed above. All rights reserved.