Watching your parent struggle with the physical and/or mental deterioration that accompanies the aging process can be extremely difficult. Nevertheless, making the decision to seek guardianship over your parent can be a heart-wrenching decision. It may feel like doing so will take away your parent’s freedom and independence. To help you decide how to proceed, an Indianapolis adult guardianship attorney at Frank & Kraft discusses why you should consider guardianship for your parent. What … [Read more...] about Why Should I Consider Guardianship for My Parent?
Guardianship
Can I Do Anything Now to Avoid Guardianship When I Am Older?
It may be difficult to envision a future where you are incapacitated and unable to care for yourself and/or manage your own affairs; however, the reality is that it could happen. If that does come to pass, a loved one may be forced to petition for guardianship over you if you failed to consider the possibility. Proper estate planning now can ensure that you get to choose to whom you hand over authority instead of letting a court decide. An Indianapolis elder law attorney at Frank & … [Read more...] about Can I Do Anything Now to Avoid Guardianship When I Am Older?
Indianapolis estate planning attorneys
As an adult child, watching your parent deteriorate physically and/or mentally can be heart-wrenching. If you are lucky, your parent will deteriorate slowly and never completely lose control of his/her faculties. Sometimes, however, a parent’s physical and mental condition reaches a point at which you may need to step in and take control to prevent serious injury or victimization. If you find yourself at that point with your parent, it may be time to consider petitioning for guardianship over … [Read more...] about Indianapolis estate planning attorneys
Free Report: What is a Guardianship in Indiana?
The matter of guardianship is something to take into consideration when you are planning your estate. It can come into play under a couple of different scenarios. Topics covered in this whitepaper include: Minor ChildrenAdult GuardianshipDurable Powers of Attorney Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is a Guardianship in Indiana?
What Is the Difference Between a Guardianship and a Power of Attorney?
Estate planning involves planning ahead for the things that will take place after you pass away. While this is an important part of the process, you should also consider the eventualities of aging and the potential for a guardianship proceeding. Incapacity Among Seniors Clearly, this is not the most pleasant subject to consider, but incapacity looms as a very distinct possibility. The oldest segment of the population is growing faster than any other. Once you reach the age of 65, it … [Read more...] about What Is the Difference Between a Guardianship and a Power of Attorney?
When Would a Guardianship Be Necessary?
The matter of guardianship is something to take into consideration when you are planning your estate as a parent of a minor child. It can also come into play when you are preparing for the eventualities of aging. In this post we will look at some of the details. Nominating a Guardian If you have minor children still in the home, estate planning is a must for a number of different reasons. You want to make sure that your family has a financial underpinning to draw from if … [Read more...] about When Would a Guardianship Be Necessary?
What Are the Advantages and Disadvantages of a Guardianship?
Before we get into the matter of adult guardianship, we should provide some background information about incapacity. Estate planning is clearly going to revolve around financial issues for the most part, but you should also consider the eventualities that you may face toward the end of your life. Incapacity Planning There are various different causes of incapacity. When people become physically ill they sometimes become unable to communicate, and this is one form of incapacity … [Read more...] about What Are the Advantages and Disadvantages of a Guardianship?
What Are the Advantages of a Durable Financial Power of Attorney?
The process of estate planning should be looked at from a holistic perspective. The postmortem transfer of your monetary resources is at the root, but you should also consider the interim that will precede your passing. Incapacity is quite common among elders. A comprehensive plan for aging will address this contingency. Durable Financial Power of Attorney Who would handle your financial affairs if you were to become incapacitated? You can answer this question … [Read more...] about What Are the Advantages of a Durable Financial Power of Attorney?
Can Medicaid Planning Begin After Dementia Symptoms Appear?
Custodial care is not covered by Medicare. This is the type of care that you would receive in a nursing home or assisted living community. Medicare will only pay for convalescent care after surgery for a period of time not to exceed 100 days. This presents a challenge for many individuals, because the majority of Americans will eventually need long-term care. A stay in a nursing home or assisted living community is extremely expensive. Most people cannot comfortably … [Read more...] about Can Medicaid Planning Begin After Dementia Symptoms Appear?
Indianapolis Incapacity Planning: What Is a Guardianship or Conservatorship?
Estate planning involves making arrangements for things that will take place after you die. However, if you want to be comprehensively prepared you should also consider the interim that will precede your death. With this in mind let's look at Indianapolis incapacity planning, guardianship and conservatorship. Indianapolis Incapacity Planning Representation in the Event of Incapacity People often become incapacitated late in their lives. Approximately 45 percent of people who … [Read more...] about Indianapolis Incapacity Planning: What Is a Guardianship or Conservatorship?
