Welcome to the February edition of the newsletter for CRTS™ certificants!
What Caregivers Can Do When Banks Reject a Power of Attorney
A durable power of attorney (DPOA) is one of the most important tools in a caregiver’s toolbox. A DPOA is a legal document that nominates a person (called an “agent”) to help you with your finances if you become sick and can’t handle your own affairs. The majority of caregivers handle some financial coordination for a friend or loved one — like paying bills from their care recipient’s accounts, managing investments or handling insurance claims.
Don’t Let Family Caregiving Ruin Your Financial Future
As a financial adviser who specializes in assisting caregivers and the son of a man who battled lung cancer, Elliott Appel is well-versed in trying to balance a loved one’s needs, work and home-life demands, and the desire to maintain your own financial stability.
“It’s challenging,” he says. “You have a bunch of competing priorities, and usually, there's just not enough money to go around for everything.”
Powers of Attorney: Crucial Documents for Caregiving
What comes to mind when you hear the words “power of attorney"?
An important legal document? A license to steal? The key to successful caregiving? All of the above?
If you thought “all of the above,” you're on the right track. The power of attorney is a powerful legal document.
