May 11, 2015
Elder law attorneys in Sacramento often find themselves advising adult children of the elderly on the intricacies of managing their parents’ finances. While it may seem straightforward at first, there are a lot of details and difficulties that can get in the way. There are so many things to coordinate, and often the parent is less than helpful in the process. Being somewhat prepared and having access to an experienced elder law or estate lawyer in Sacramento are two of the ways you can help avoid some of the more common pitfalls, such as:
So, how should you deal with these obstacles?
As with so many other aspects of life, the best way to deal with problems is to avoid them altogether. The earlier you and your parent start meeting with a Sacramento elder law attorney that you trust, the more likely you are to get the information you need. As an added bonus, your parent will have the ability to make his or her wishes known in order to offer guidance on how to handle their affairs if and when all of the responsibility is passed on to you.
No matter what stage the parent is at, the subject needs to be approached. Again, earlier is better, as the parent is more likely to understand the importance of what is happening. You may choose to start the conversation by relating it to your own estate planning or by bringing up a situation you heard about recently, such as the death of a celebrity. A good attorney in Sacramento can offer suggestions on how to bring up the subject, as well as how to help steer the conversation in the right direction.