Poor judgement and decision-making, inability to manage a budget, losing track of time, difficulty in conversation, misplacing things, etc.
Loss of a spouse or child, declining health, suffering abuse, other stressful life situations, etc.
Also called a “Last Will and Testament.” This document communicates someone’s last wishes for their assets following their death
Allows a person to be appoint to act in your place for purposes that you specify
Also called an “advance directive.” This legal document explains what type of end-of-life care the person prefers in the event they become incapacitated
A trust is a legal agreement that allows a person to pass assets to a trust for the benefit of a beneficiary. While a Will only takes effect upon death, a trust takes effect as soon as you create it.