Hi,
My 91-year-old father is worried that if something were to happen to me he'd be screwed because I do all of his finances. He's also blind so while he can't do his finances, he really can't do his finances.
I'm his only caregiver.
Any recommendations on back ups if something were to happen to me? He literally couldn't set up the auto-pay's on his credit card if the expiration date were to change.
There must be some sort of entity that will manage someone's finances that is trustworthy (the key problem).
A good CELA firm will have licensed fiduciaries on staff or contracted and that is who would step in to help dad.
You can find one in your area at www.nelf.org. ours gave us a free consultation and they were 10% of the cost of "elder law" attorneys that weren't certified.
You should find out about your own legal documents when you meet with them. You are never to young to have your affairs in order, in case something happens.
I have my hands full every month with my mom in memory care. Hair, Nails, Monthly essentials, Making Doctor Appointments, Consulting With The Doctors, Managing All The Insurance Claims and the list goes on. So I’m wondering how much real care will they give?
Contact elder care attorney or geriatric care managers, National Counsel on Aging may be able to steer you in right direction.
He should have back-ups for everything, not just financial. Who would take care of his medical decisions if you weren't there?
You have then the availability of contacting some of the best Fiduciaries, imho. PM me if you are in SoCal.
Contact the PFAC, of Professional Fiduciary Assn of California at www.pfac-pro.org or at 866-886-7322 or at 954 La Mirada St. Laguna Beach, Ca 92651.
A Fiduciary will be known if you contact an Elder Law Attorney or a Trust and Estate Attorney also, as they see them appointed by State Courts.
I currently know a fiduciary who manages the estate of my brother's ex. and manages his care as well. He is stellar.
You may be able to meet with and have a Fiduciary added as a secondary on your POA if Dad is competent to do paperwork.