Guardianship
Guardianship can be a way to protect individuals from abuse, neglect and exploitation, but can be abused under certain circumstances. Although beneficial when set up and handled ethically, It also restricts the rights of the individual.
There is the potential for abuse by guardians and other caregivers and caretakers, and we want you to be aware of these dangers. Here is information from the U.S. Department of Justice.
When and why should you call a certified elder law attorney? Basically, when the need arises for end-of-life estate issues among others.
For you to think that all you must do is just get a will and you’re fine is not appropriate, and it’s not estate planning.
You want to leave your business on your terms and achieve the outcomes you desire, which is why succession planning shouldn’t be delayed. A formal exit strategy ensures your wishes are followed, whether that be family transfer, sale, employee buyout or another path.
It’s tough to talk about aging and long-term care, but what’s even harder is when parents and kids don’t talk about it and then find themselves trying to handle the realities of caregiving with no roadmap.