Establishing a Power of Attorney for a Dementia-Affected Parent: How to Avoid a Guardianship Proceeding and Protect Your Interests

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A parent with dementia might balk at a power of attorney as yet another looming threat to their independence.

The typical cost for a financial and health care power of attorney is under $1,000, while the whole estate plan package runs around $2,000, she adds.

Her own father refused to get a power of attorney until he had a bad fall and she needed to make medical decisions for him.“Unfortunately, what many families find is that it sometimes takes an emergency situation to get these things in place,” she says.

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Article Details

Author / Journalist: Stephanie Watson

Category: EconomyBusiness

Markets: United States

Topics: Caregiving Health Caregivers Alzheimer's Dementia Elderly

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-12 @ 00:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 22 words

Reading Time: 1 minutes read

Sentences: 41 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 20667762

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Main Topics: EconomyBusiness

Official Website: fortune.com

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Year Established: 1929

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News Last Updated: 9 hours ago

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