After a fall, seniors may face cognitive or physical challenges. Having a will and trust in place can help ensure that their estate is managed according to their wishes, even if they are temporarily incapacitated.
Seniors who have sustained a fall may face a period of recovery where they are unable to manage their affairs or make decisions due to injury or temporary cognitive decline. In such situations, having a will and trust in place becomes even more important. A will ensures that a senior’s assets are distributed according to their wishes, while a trust can provide a more efficient way to manage assets, avoid probate, and ensure that their healthcare and financial needs are met during recovery. By setting up a living trust, seniors can ensure that their assets are protected and managed by a trusted person, reducing stress for family members and ensuring financial stability during times of illness or incapacity.