Those families with members who are elderly should encourage those family members to either obtain or update, if need be, their estate planning documents now for several reasons. We are referring to wills, trusts, durable powers of attorney for finances, powers of attorney for health care, living wills also known as physician directives, declarations of guardian and HIPAA privacy act documents.
It is critical to be prepared, and up-to-date estate planning can help you to avoid extremely expensive and time-consuming situations in the event your family member becomes incapacitated or dies without an updated plan.
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