Could Power Of Attorney Be The Best Way To Care For Your Elderly Relative?

Never does the circle of life make itself more apparent than when you’re caring for an older relative. Suddenly, those who raised you need you to care for them. It can be a disorientating and confusing time. Your relative may find it difficult to hand over the reins, and you may feel lost in your caregiver position.

But, sometimes we don’t have a choice. In extreme cases, degenerative illnesses even mean that we have to take power of attorney. Taking control of someone else’s money goes against every instinct. Yet, if the situation calls for it, it’s the best thing to do. To help give you some idea of what’s involved in the process, we’re going to break things down for you.

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What responsibilities does power of attorney bring?

Before agreeing to anything, it’s important you know what duties a power of attorney faces. You can get a better understanding from sites like lifehacker.com. But, for the most part, your responsibilities are financial. You’ll take charge of your elderly relative’s money when they’re no longer able. You’ll have to ensure ongoing monthly payments, and make financial judgements. This can be difficult, but it will help if you get a chance to talk things through in detail while your relative is still lucid.

If not, it’s down to you to make difficult decisions. It’s best to do this based on what you know of this person. The primary focus is that you act on their behalf. As such, you should treat their money with the care you would treat your own. Don’t settle on the first care facility you find; look out for a cheaper one. If you think they’re paying above the odds for life insurance, look for a better deal on sites like lifeinsurancequote.co. Look after their money to the best of your ability, while still ensuring you meet all their needs


Why would you need this?

So, why would this step be necessary? There are a few different reasons. Some individuals opt to give power of attorney to avoid family disputes about wills and so forth. But, more often than not, a power of attorney is necessary with conditions such as dementia. The sad truth is, in these instances, your relative will be unable to make financial decisions. Hence, they’ll need you do it for them.

How do you get it?

So, how do you get power of attorney? With a bit of luck, the relative in question is still capable of giving permission. In this case, heading to a lawyer’s office is all it takes to get the necessary forms.

If, however, you need power of attorney for a relative already suffering, things get complicated, as you can see from conversations on sites like caring.com. In short, though, the process becomes a lot more tricky. You’ll need to gain legal guardianship, and proof that power of attorney is for the best. But, if you believe this is what your relative would want, it’s a battle worth fighting.

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