Who's in Charge Now? Planning Can Keep Your Senior in Charge During Retirement

Updated on September 2, 2017
Simply Kara profile image

Kara has been in the senior care industry over twenty years. She earned her Bachelors in Social Work at Baylor University.

A lifetime of commitment to each other - a beautiful legacy!

Protecting health, wealth, and legacy is a lifetime commitment.
Protecting health, wealth, and legacy is a lifetime commitment.

Plan accordingly!

My automatic response to "Who Is In Charge Here?" is typically - "The Senior." (Unless you are standing in my home, in which case I would point to The Pug...) Whether they are making the decision in current time or through decisions discussed and memorialized in the past, the one in charge is the senior loved one.

This goes back to planning. Families must engage their senior loved ones in a conversation about their wishes and goals. We need to have tough conversations sometimes. Mom and Dad may want to stay at home "til they come out feet first!" but we cannot agree or promise that this will happen when we just don't know how life is going to play out. If a plan is created and financial planning shows that it is an affordable option, well, then - it is just that, an option. If the financial plan does not support the expense of staying home, a conversation must be had regarding other options. Assisted living? Moving in with family? Dad finds a MUCH younger "nurse" to marry late in life?? (It happens! Have a plan.)

Beyond discussing goals and financial planning, a senior must establish who will execute this plan in the event they are no longer physically or cognitively able. This is accomplished through Estate Planning. I will defer to a competent Elder Law Attorney for specifics, but let me assure you one thing - the senior does not need to have an estate like the Biltmore in order to estate plan. Their ranch style home on a quarter acre estate needs a plan just as much! Part of estate planning is determining who will make decisions on their behalf regarding their finances and their health care.

The choice of Power of Attorney is very important to both the senior and any other family members. Choosing this individual should include a meaningful conversation with the elder law attorney who is drafting your estate planning documents. The Power of Attorney appointed serves as the decision maker in all areas they have been given power - such as selling a home, admission to a care facility, managing health care, and spending of money. The perspective of a neutral third party (your attorney) can be invaluable.

I've seen many people over the years who regretted not taking the time, or accepting the expense, to estate plan. Not paying an attorney cost them far more in the long run than they could have imagined. One's health, wealth, and legacy should not be left to documents purchased at office supply stores or downloaded from the internet.

So who's in charge? The senior and family who plans accordingly.

Your lifestyle is worth protecting

Making the challenging decisions before a crisis occurs gives families peace of mind.
Making the challenging decisions before a crisis occurs gives families peace of mind.

It's never too soon to ask questions

Protect and preserve your life's work by consulting with an elder care professional in estate planning.

Your plan is your legacy!

Do you have a professionally prepared Estate Plan?

See results

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, toughnickel.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://toughnickel.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)