It is common for people to have fears about getting older. They may worry that they will never achieve certain dreams or that they will find themselves with ill health. Unfortunately, diseases like Alzheimer's affect numerous people in Texas and across the country, and when a person receives such a diagnosis, it makes sense to consider elder law planning.
Many Texas residents may dread getting older. They may imagine difficult times ahead where they can no longer care for themselves, and while this may not need to be the only future imagined, it is certainly a possibility. Fortunately, individuals can plan for futures in which they are healthy and for those in which they may need long-term care.
No one likes the idea of finding him or herself in the situation of needing extended care. Unfortunately, older individuals face a significant likelihood of needing long-term care at some point during their retirement years. If Texas residents do not plan for that possibility, they and their families may face serious difficulties later on.
Powers of attorney are common estate planning tools. Many people in Texas use these documents to make sure that their medical and financial wishes are respected even if they are unable to make decisions on their own. Sadly, there is a significant amount of abuse within this area of elder law.
Needing long-term care can be a difficult situation to consider. However, even if Texas residents want to believe that they will never end up incapacitated or needing extended care for another reason, it happens to numerous individuals. As a result, it is wise to take steps to plan for care before the need is imminent.
It can certainly be difficult to consider, but many Texas residents will likely face a time in life when they cannot make sound decisions any longer. This type of scenario affects many people as they age because mental and physical decline is common. Due to this possibility, it is wise to make preparatory arrangements, including naming a power of attorney agent.
Most people forget various information from time to time. In many cases, this slip of the mind is not anything to worry about. However, when this type of issue begins to affect an older family member to a serious degree, Texas residents may have reason to worry about dementia in their loved one. If so, they may also need certain elder law information.
No one is immune to the possibility of getting sick or suffering injuries. Even the most cautious person could end up in an unexpected situation that leads him or her to needing long-term care. Of course, the costs of such care are often overwhelming, and if Texas residents do not plan accordingly, their finances and options for care could end up hurting.
Long-term care insurance could be an extraordinary benefit to elderly persons who pride themselves on independent living and who do not want to burden their family members. This long-term care planning subject is an important one for older parents to discuss with their adult children. Despite the seeming importance of this insurance, however, the product has not been a big seller in Texas or elsewhere. Due to lack of information and other factors, only a relatively small percentage of elderly citizens have this kind of coverage.
During the last legislative session, Texas lawmakers created a new Statutory Durable Power of Attorney, which is a very important form in estate planning and elder law.