Hi Toni,
My husband is retiring at the end of the year, and we are losing so many benefits from his work such as company benefits, life insurance, dental, and vision. I know I am missing something that is important for us to retire with as little stress as possible. I do not know what other subjects we need to explore.
I have been told that if we do not have a power of attorney for both of us and me or my husband has a stroke or another disability and cannot decide for ourselves that we could have to go to court and file for guardianship.
I have no knowledge of this and really do not know what type of attorney we will need. I want to make sure that I get this done correctly.
Thanks,
Sandra from Galveston, TX
Hello Sandra,
I completely understand how you feel because Americans that are enrolling in Medicare or retiring, whether healthy or with a serious health situation are struggling with what to do. During a Toni Says® Medicare consultation, the Toni Says Medicare team advises everyone to seek an attorney or legal aid to have a new or updated power of attorney, medical power of attorney, and living wills executed properly. These three legal documents can make your life stress-free during a trying medical time.
Adult children of elderly parents need to be sure that their parents also have these three legal documents in place. Elderly parents need to realize that they are not giving up their independence, but only helping their adult children when they must help their precious elderly parents during trying times.
3 Legal Documents That No Aging American Should Be Without
Power of Attorney
A power of attorney is the cornerstone of a financial plan. It ensures that a person’s wishes will be respected if there comes a time when he or she is unable to act. It is a written document whereby someone is appointed to manage that person’s financial affairs in the event of silliness or incapacity. Signing a power of attorney is critical to ensure a person’s future independence. Without it, one risks having his or her affairs managed by a court-appointed guardian, a stranger, or under court supervision and often without the ability to have any input.
Medical Power of Attorney
A medical power of attorney (also known as a health care power of attorney) gives someone you trust the legal authority to act on your behalf regarding health care decisions if you ever become incapacitated or unable to communicate.
Living Will
A living will (or advance directive) is a written statement that details the type of care you want (or don’t want) if you become incapacitated. A living will bears no relation to the conventional will or living trust used to leave property at death; it’s strictly a place to spell out your healthcare preferences.
For answers to your Medicare questions, call the Toni Says Medicare team at 832-519-8664; or, email [email protected].
Toni King
Toni King is an author, columnist, and radio and TV personality who specializes in Medicare, Social Security, and long-term care planning. While conducting a Medicare workshop in 2009, Toni was approached by a member of the audience who had received incorrect information about his Medicare Part B enrollment from Social Security. After taking a couple of days to help the gentleman straighten out his overwhelming problem, Toni’s new mission had become clear. Following more than 27 years as a top sales leader in the Medicare insurance industry, Toni would become an advocate for Americans receiving Medicare. Since then, Toni has devoted her life and career to putting Medicare into “people terms” with the help of her books, consultations, workshops, and website, ToniSays.com. Read more from Toni King here!
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