7 Must Have Documents for Senior Citizens

Documents for SeniorsDo you have parents that are senior citizens, retired or aging with declined health? What about healthy active parents or yourself? It is never too early to have your wishes in writing for that ‘just in case’ moment. Here is a list of 7 documents every senior citizen should have and provide the contact information of the attorney that has the information on file.

Start by having your attorney prepare the following documents:

  1. Will and estate plan so that upon your death your assets will pass exactly as you intend. Don’t let state law decide who inherits your estate.

  2. Durable power of attorney so that someone you trust can make decisions on your behalf in the event you are unable to do so.

  3. Prepare an advanced medical directive (living will) so that someone is empowered to make medical decisions on your behalf and in accordance with your wishes if you cannot.

  4. Retirement and disability plans so that your care upon retirement or disability is not left to chance.

  5. Review all private and governmental benefits to which you may be entitled, including life and health insurance, government assistance programs, private pension and benefit plans, to insure that you receive the maximum benefits to which you are entitled.

  6. Comprehensive summary of assets and benefits, including all bank accounts, savings accounts, CDs and other assets together with all benefits for which you are or may be eligible. Ensure your assets and benefits can be readily identified.

  7. Important Papers Packet containing vital documents and your comprehensive summary of assets and benefits. The packet should include copies of your Social Security card, life insurance policies, will, military discharge papers, medical alerts, names and addresses of your physicians, immunization records, other important medical information, including allergies, deeds, and titles or bills of sale of particularly valuable property, such as fine jewelry.

Even if you do not have these documents or only a few, do not be overwhelmed. Getting the documents in place is not as daunting as it may seem. The challenges usually come when the documents are NOT in place. Save the time and headaches by taking care of this today.

We can assist and answer your questions, call us at 610.945.9456

Posted on December 1, 2013, in Uncategorized and tagged , , . Bookmark the permalink. Comments Off on 7 Must Have Documents for Senior Citizens.

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