Estate Planning

It is important for the elder to execute durable powers of attorney. There are two kinds of Powers of Attorney:
Health care and Financial.
Health Care Power of Attorney (Advanced Health Care Directive)
I am surprised how many people have a healthcare power of attorney (also called an advanced healthcare directive) for their parent, but believe this will help them with issues pertaining to their parent’s finances. It will NOT! An advanced healthcare directive was the legal instrument lacking in the Terri Schiavo case.

Planning for Incapacity

The creative use of Durable Powers of Attorney, Advance Healthcare Directives, and Living Trusts (particularly
important in cases of Dementia/ Alzheimer’s disease).
Example / Parent Hospitalized: Alice, a 86 year old senior citizen fell and broke her hip. The bank refused to give her daughter Susan access to her mother’s checking account even though Susan has a signed Power of Attorney form.

Long-Term Care Planning

Does Assisted Living Beat Nursing Home Living?

You will know the answer to this question if you have had a chance to drive around and visit the medical facilities that are options for your disabled parent’s care.

A nursing home (also called a skilled nursing facility or a convalescent hospital) provides care for people with severe care medical needs. They provide 24 hour around the clock nursing care and medical supervision.

Paying for Nursing Home Care

Planning to accelerate Medi-Cal eligibility, reduce or eliminate the need to “spend down,” resources, and avoid
Medi-Cal recovery claims against the family home benifits.

Veterans’ Administration Benefit

Planning to accelerate Veterans’ Administration benefit eligibility to World War II veterans and Korean War veterans. Veteran benefits are also available to the widows of these veterans.

Gil's Store
Keeping Your Sister-in-Law out of Mom’s Purse: A Family’s Guide to Financial Elder Abuse
Veterans' Administration Aid and Attendance: Improved Pension For War Period Veterans
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