My father has established a trust years ago and has recently reviewed/updated it. He has appointed DPOA as well as MPOA and trustees, beneficiaries. We both are absolutely fine with the decisions made.
He has moderate dementia at this point and is cared for @ home.
Do we (his children) still need to contact an elder law attorney?
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Just wanted to be sure we weren’t gonna find out the hard way that another step should have been taken... we have a real trust established in dad’s financial advisor and the attorney that drew up the family trust. Seems the bases had been covered, but I kept hearing others be referred to an elder law attorney, and wasn’t sure if that was another base that needed to be covered.
Maybe not much but some. This is all paid from the estate before distribution of assests.
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The only thing that I would add is a hippa release for anyone that he wants to have information, this can be kept by a trusted individual with the express direction of it being given at his declared incompetence or his death. If you will need any information after his death, without this form they can give you a hassle as POA dies with dad.
Great job, do you have all of your paperwork in order? One never knows and it helps protect dad if you are his sole caregiver.