We started this guide because our family has taken care of elderly parents for generations. Many have lived a long life so it comes as no surprise, now that every one is living longer that we are all looking at the fact that many baby boomers are or will be caring for their elderly parents in the future. Many parents, even highly succesful ones, do not plan for what should happen if they get incapacitated. They may think about planning for it, but it is easier to put it off. And so it goes! There are some topics that you really should discuss with your parents even if it makes every one uncomfortable. Living Trusts, power of attorney, health proxy's and end of life scenarios are all important and will make every thing go a whole lot easier later. There are firms who specialize in supplying the
documents you may need such as a living trust at very reasonable
prices. If you are comfortable filling in the blanks you can save up to
85% doing it yourself. Robert Shapiro's Legal Document Center provides quality Wills, Living Wills, online at lawyer-free prices! If not look for an attorney who specializes
in elder law.
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They estimate that 9 out of ten Americans have forgot about money due them. It could be a savings account they started for their children, uncashed checks, utility or rental deposits, wages, trust funds, stocks, insurance benefits, etc..
If your elderly parent has ever moved without notifying any and everyone they do buisness with, quit a job (maybe really mad) and never went back for their check, forgot about a stock, there are many scenarios. It ends up at the state controllers waiting for them. If they have allway's lived in the same state you can look it up under the state controller's website yourself. But if they have moved a lot I would recommend using a service. I have found a company where it is easy to find out if you or your elderly parents have money being held for them and where you can Claim Your Cash!