Power of Attorney: What To Know

Advanced Health Care Directives vary by state. Download forms by state HERE.

Why Durable POA is important for aging:

As people age, the risk of cognitive decline or incapacitation increases. A durable POA ensures that someone the principal trusts can manage their affairs and make decisions on their behalf if they are no longer able to do so themselves. This can help avoid legal complications and ensure the principal's wishes are respected.

Important Note: Laws regarding POA can vary by state. It's always best to consult with an estate planning attorney to ensure you have the right type of POA and that it complies with the laws in your jurisdiction.

See this article for a full description and links: AARP Power Of Attorney

Financial Responsibilities

• Bill Paying: Ensure bills are paid on time. Set up online banking and automatic payments where possible.

• Account Management: Monitor bank accounts, investments, and other financial assets.

• Taxes: File taxes on time.

• Estate Planning: Review and update estate planning documents (will, trust, etc.) as needed with your parent and an estate planning attorney.

• Fraud Protection: Protect your parent from financial exploitation and scams.

Legal and Administrative Tasks

• Government Benefits: Explore eligibility for government benefits like Social Security, Medicare, and Medicaid.

• Insurance: Review and manage insurance policies (health, home, auto, etc.).

• Legal Documents: Update legal documents as needed (e.g., driver's license, vehicle registration).

Healthcare Responsibilities

• Medical Records: Organize and maintain your parent's medical records.

• Doctor's Appointments: Schedule and attend doctor's appointments with your parent.

• Medications: Manage medications, ensuring they are taken correctly.  Maintain an up-to-date list easily accessible

• Healthcare Decisions: Make healthcare decisions in accordance with your parent's wishes and advance directives (living will, healthcare power of attorney).

Living Arrangements and Care

• Home Safety: Assess and modify the home for safety and accessibility as your parent's needs change.

• In-Home Care: Arrange for in-home care services if needed.

• Assisted Living/Nursing Home: If your parent's needs become too great for them to remain at home, research and help them transition to an appropriate care facility. Hello