When not too many years ago moving across the nation was a lot of work, today family members often live on opposite coasts. And as more and more people are retiring in Florida, children have found themselves trying to manage the care of their parents from states away. Without thorough estate planning, long term care from afar can become difficult.
According to the National Institute on Aging, there are approximately 7 million people across the countries that are caring for someone else from a long distance away. The long distance span can be difficult when aging parents have needs that can arise sporadically and without a great deal of notice.
Unexpected issues require assistance at a moment's notice all the way from medical emergencies to financial questions. Although communication through email, telephone and even video messaging is quick and easily accessible to the masses, some issues simply need to be dealt with in person. Having to take an airplane every time an issue arises is not only costly but impractical.
Many children are finding themselves forced to call upon a friend in the area or even an acquaintance, someone they think they can trust to take care of their parents. However, this is risky not only for the well-being of the parent, but for the children as well. Without a legal duty, the informal relationship could leave open the door for abuse, coercion or undue influence.
When it comes to your long-term care, the best plan is a proactive one. Discussing your finances, your health care directive or any other issue with an attorney is the best way to plan. An attorney can help create a trust so that your children are not burdened financially. You can designate a health care surrogate who will be bound by law to follow your best interests. The sky is the limit, but nothing is secure until you take that first step towards estate planning.
Source: CTV News, "Many adults now manage aging parents' care from afar," Jan. 27, 2012

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