Noelle Lussier, of Burns and Levinson LLP, has made available for download her article, “Power of Attorney for My Incapacitated Parents – What Are Our Options?”, published in JDSUPRA. The abstract is as follows:
A sensitive and often complicated conversation that individuals have with their aging parents relates to protective measures in the event of the parents’ incapacity. A power of attorney and the variations of such concerning the relinquishment of financial control require a thoughtful discussion. During these conversations, it is important to keep in mind that your parents’ sense of autonomy is valued and respected. A power of attorney is a document intended to protect their loss of decision-making ability in the event of future incapacity. Having in place a power of attorney may also help to avoid future costly and public court proceedings involving guardianships and conservatorships.
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.