Father's Day

This is the most important planning advice that I can give on Father's day to children with elderly parents. Please make sure that your parents are protected. I mean in all possible ways. For example, they should have Durable Powers of Attorney, Designations of Health Care Surrogate and Living Wills, which allow the children to care for them in the event of need. In addition, the children should check on the parents and their conditions whenever possible. In terms of planning for parents in another state, please make sure that they are not being taken advantage of in any way, and, if you are unsure, then make sure. In particular, don't allow strangers to exert control over your parents. And for parents, if someone outside of your family is exerting control over you, call your children immediately.

My best to all fathers. I surely miss mine.

Preneed Guardians

Florida law allows for a Designation of "Preneed Guardian". This is a document that allows you to name a guardian of your person or your property in the event that you become incapacitated. The court will honor this designation.

This can be very helpful, for example, in a situation where an elderly parent has one or more children who desire to control the parent's assets by instituting a guardianship proceeding. The parent can, in advance, name a trusted person, whether or not he or she is a family member, to be the parent's guardian if one is needed. This may deter the troublesome child from instituting the proceeding against the parent, as the trusted person will inevitably become the guardian, shutting out the child.

Therefore, a Designation of Preneed Guardian can be very beneficial in the right situation.

New Blog

This is my new estate planning (etc.) blog. I will be making entries on it from time to time. Anything relating to estate planning or anything else that I want to write about. Entries to come soon.

Ken