Seniors who have sustained a fall or are experiencing memory loss should consider a will and trust as part of their elder care planning to protect their assets and ensure their wishes are carried out.
A fall or the onset of memory loss can have serious implications for a senior’s ability to manage their estate and healthcare. Having a will and trust in place is a critical step in protecting both their assets and their legacy. A will outlines how a senior’s property will be distributed after death, while a trust can help ensure that assets are properly managed and used for the senior’s benefit during their lifetime. For those experiencing memory loss, a trust can also be a safeguard, as it allows a trusted family member or professional to manage their financial affairs in the senior’s best interest. With these legal tools, seniors can ensure that their estate is properly handled, their wishes are honored, and their family is spared the confusion of dealing with complicated financial matters during a challenging time.