paul@hamiltonestateplanning.com<\/a><\/strong><\/p>\n <\/p>\n
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Serving as a caregiver may require you to oversee your loved one\u2019s legal affairs. A recent article on AARP\u2019s website addressed this issue and included a legal checklist for Caregivers. Here are the highlights.<\/p>\n
Obtain Essential Legal Documents<\/strong><\/p>\nYour loved one should have the following key legal documents: A Will, a Power of Attorney, and\u00a0Advance Directives. We will discuss these documents in greater detail later. For now, it is important to note that these documents should be created, signed, and witnessed while your loved one is still capable of making legal decisions on his or her own.<\/p>\n
Get the Whole Family Involved<\/strong><\/p>\nIt is important to have everyone in the family participate in caregiving decisions whenever possible. You may even want to put into writing \u201cwho is responsible for what.\u201d While this is not a legal document, it can help avoid disagreements in the future.<\/p>\n
Organize Your Loved One\u2019s Important Papers<\/strong><\/p>\nIn addition to the essential legal documents mentioned above, you\u2019ll want to find and organize a number of other documents, including:<\/p>\n
\n- Birth and Marriage Certificates<\/li>\n
- Divorce Decree<\/li>\n
- Citizenship Papers<\/li>\n
- Death Certificate of a Spouse or Parent<\/li>\n
- Deeds to Cemetery Plots<\/li>\n
- Military Discharge Papers<\/li>\n
- Insurance Policies<\/li>\n
- Pension Benefits<\/li>\n<\/ul>\n
Investigate Opportunities for Financial Assistance<\/strong><\/p>\nThere are a number of programs and services available to elders and\/or individuals with disabilities. These include Social Security Disability Insurance (SSDI), Supplemental Security Income (SSI), veterans\u2019 benefits, the Supplemental Nutrition Assistance Program, Medicare, and Medicaid. You can use online tools like the AARP Foundation’s Local Assistance Directory and the National Council on Aging’s Benefits Checkup to determine local, state, and federal programs for which your loved one might be eligible.<\/p>\n
You should also examine your loved one’s retirement and insurance plans to see if any of them cover in-home care, skilled nursing care, mental health services, physical therapy, and other forms of short-term assistance. Your loved one\u2019s life insurance policy might even provide accelerated death payments to help pay for long-term care.<\/p>\n
Also, if you must take a leave of absence from your job to care for a loved one, you may be eligible for up to 12 weeks of unpaid leave under the federal Family and Medical Leave Act. In addition, some employers offer paid family leave, and five states (New York, New Jersey, Rhode Island, Washington, and California) plus the District of Columbia have laws mandating paid leave for caregiving. Several other states are set to implement such laws by 2023.<\/p>\n
Explore Tax Breaks and Life Insurance Deals<\/strong><\/p>\nYour loved one may be able to receive federal tax deductions for health care expenses such as a wheelchair or hospital bed, remodeling the home to make it more accessible, and hiring a short-term or part-time home health aide to provide respite for the primary caregiver. Be sure to save receipts for all medical expenses.<\/p>\n
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