When blues legend B.B. King died last week he left behind a legacy of music that has influenced countless musicians in California and around the world. Unfortunately, he also left behind a brewing fight between his children and his business manager over the management of his assets.
Planning for the future can sometimes be uncomfortable, especially when it comes to planning for things you don't like to think about. But planning for the possibility of a debilitating or incapacitating injury or illness by having an advance health care directive can save your family a great deal of anguish in the future.
Residents in California know that it's always a good idea to have a power of attorney, or POA, specifically provided in one's estate plan documents. It is crucial for people to have a designated representative appointed in advance, in case a person becomes incapacitated or otherwise unable to make important decisions for which they are responsible.
Seeking proper care for an elderly family member is common. As a person ages, different arrangements are set up to provide a safe and healthy environment for loved ones. Furthermore, certain documents are drafted with their best interest in mind. This can ensure that proper actions are taken in certain events experienced by the elderly loved one.
People in California may have seen a recent article in The Wall Street Journal about how many financial firms are now stepping up their efforts to identify and protect senior citizens against financial abuse, when their clients seem to be losing their mental and cognitive abilities. When clients start to exhibit warning signs of dementia or memory loss, some firms are taking steps to provide extra protections to ensure that these clients do not squander their money or fall prey to financial predators.
People in California know that senior citizens are among the most vulnerable members of society. As their health and mental ability sometimes starts to fade with age, family members and loved ones are faced with the difficult decision of what to do to provide for their care and keep them safe. Unfortunately, while loved ones are planning for their well-being, there are others out there with nasty intentions of exploiting them and taking their hard-earned wealth.
People in California probably have a lot of New Year's resolutions on their mind, as people strive to make 2014 better for themselves and their loved ones. This includes people who have elderly and aging parents and family members who grow more and more susceptible to health issues as the years go by. Many concerned children think a lot about their parents' health, but they may not fully appreciate the need to be concerned about their parents' financial well-being, as well.
Whether young or old, planning for the future or an untimely death is an important matter. Although it is often something one does not like to think about, it is something that should not be put off. Drafting documents for an estate plan can take place at any age or any point in a person's life.
People in California may have seen a compelling news article about a recent survey of physicians and how they would choose to handle their end-of-life decisions. Perhaps surprisingly, many of those surveyed reported that they would not want medical caretakers to take extensive life-prolonging measures. Of those surveyed, 95% said they would not want CPR, over 85% said they would not want a ventilator and at least 75% said they would not want a feeding tube.
Many people may choose to live, work and retire in California because it offers a high quality of life for people in every age group. Many senior citizens are happy to call California home, and spend their retirement years basking in the warm, temperate climate. There may come a time, though, when seniors need some help financially, and often this burden falls on their children. Perhaps even more difficult, though, is the situation that often occurs when seniors need someone to help them manage their own finances.