If you’re lucky your parents are organised and have sorted out the legal arrangements regarding inheritance and the practicalities of money, as well as the support from you and others they might need. If not, this is the legal stuff that you need to be organising
This section covers the most important legal aspects you need to consider. The priorities are the will and a power of attorney. However, we also recognise that if these are not in place when you might need them, having the conversations about such matters are probably the single hardest thing to achieve. Hard because no-one wishes to appear to be overly interested in “their inheritance” before the event, and somehow it seems at best insensitive and at worst morbid to be having such conversations.
All the advice suggests that having the conversations with your parents and planning ahead can be very positive for everyone; the process or organising the will enables everyone to understand the financial situation for your parents, particularly with regard to any future care needs. Establishing a power of attorney will enable your parents to fulfil their own wishes for medical and other support should they become unable to make their own decisions.
Have a look at our section on stages of care to help with the practical side of things; and our blog about Operation Sunset Hill – the ultimate in organised admin! Below are the links to the main legal issues you should consider.