As parents grow older and perhaps lose a spouse, children, other family members or even friends are often called on to help with financial and other decisions. In more drastic instances a legal guardian may have to be appointed by a Court, often causing unneeded expense and family stress.
Just adding another person on an elderly person’s accounts or property titles puts the elderly person’s estate at risk of loss, even by an honest and well-intentioned helper, and risks lawsuits about her intentions after her death. A better alternative is to have a Power of Attorney for Property and other
Continue Reading Helping Elderly Parents with a Power of Attorney