Are you looking for senior resources in Guilford County, NC (Greensboro, High Point, Burlington, Kernersville) for yourself or a loved one?  Find all of the best local providers at The Eldercare Channel, a video-based web directory of senior care providers in a variety of need areas, including but not limited to home health care, elder law, assisted living, medical devices, Alzheimer’s care, and resources for paying for care.  Your local host for The Eldercare Channel is Cheryl David, is a local Certified Estate Planning Specialist and Elder Law Attorney with over 25 years of experience.

The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.

Are you looking for senior resources in Guilford County, NC (Greensboro, High Point, Burlington, Kernersville) for yourself or a loved one?  Find all of the best local providers at The Eldercare Channel, a video-based web directory of senior care providers in a variety of need areas, including but not limited to home health care, elder law, assisted living, medical devices, Alzheimer’s care, and resources for paying for care.  Your local host for The Eldercare Channel is Cheryl David, is a local Certified Estate Planning Specialist and Elder Law Attorney with over 25 years of experience.

The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.

Are you looking for senior resources in Guilford County, NC (Greensboro, High Point, Burlington, Kernersville) for yourself or a loved one?  Find all of the best local providers at The Eldercare Channel, a video-based web directory of senior care providers in a variety of need areas, including but not limited to home health care, elder law, assisted living, medical devices, Alzheimer’s care, and resources for paying for care.  Your local host for The Eldercare Channel is Cheryl David, is a local Certified Estate Planning Specialist and Elder Law Attorney with over 25 years of experience.

The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.

Are you looking for senior resources in Guilford County, NC (Greensboro, High Point, Burlington, Kernersville) for yourself or a loved one?  Find all of the best local providers at The Eldercare Channel, a video-based web directory of senior care providers in a variety of need areas, including but not limited to home health care, elder law, assisted living, medical devices, Alzheimer’s care, and resources for paying for care.  Your local host for The Eldercare Channel is Cheryl David, is a local Certified Estate Planning Specialist and Elder Law Attorney with over 25 years of experience.

The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.

Are you looking for senior resources in Guilford County, NC (Greensboro, High Point, Burlington, Kernersville) for yourself or a loved one?  Find all of the best local providers at The Eldercare Channel, a video-based web directory of senior care providers in a variety of need areas, including but not limited to home health care, elder law, assisted living, medical devices, Alzheimer’s care, and resources for paying for care.  Your local host for The Eldercare Channel is Cheryl David, is a local Certified Estate Planning Specialist and Elder Law Attorney with over 25 years of experience.

The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.

Education: You need to know what you’re giving away before you decide to create a financial power of attorney. Spend some time to discuss with your attorney what the document does, and doesn’t do, before you sign any paper work. You should know exactly what it is your POA will do for you before you decide to make on.

Agent: Your financial power of attorney gives someone, called your agent or your attorney-in-fact, specific powers if you should become incapacitated. Take some time to consider who would be best to serve in this position. Though many people automatically name their spouse as their agent, you can choose anyone whom you think is qualified. However, you should ask that person beforehand as no one is under an obligation to take on these powers.

Execution. You must execute your power of attorney document in accordance with state laws. Your attorney will tell you what you need to do to ensure the document is legally valid but you should prepare to have the document signed in front of witnesses and a notary. You should schedule this execution ceremony and have your attorney present to ensure nothing goes wrong.

Safekeeping. Your agent will probably need the original document to properly carry out his duties. You should also keep a copy with yourself or with another trusted person to keep and review or update as needed.

The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.

Are you looking for senior resources in Guilford County, NC (Greensboro, High Point, Burlington, Kernersville) for yourself or a loved one?  Find all of the best local providers at The Eldercare Channel, a video-based web directory of senior care providers in a variety of need areas, including but not limited to home health care, elder law, assisted living, medical devices, Alzheimer’s care, and resources for paying for care.  Your local host for The Eldercare Channel is Cheryl David, is a local Certified Estate Planning Specialist and Elder Law Attorney with over 25 years of experience.

The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.

Are you looking for senior resources in Guilford County, NC (Greensboro, High Point, Burlington, Kernersville) for yourself or a loved one?  Find all of the best local providers at The Eldercare Channel, a video-based web directory of senior care providers in a variety of need areas, including but not limited to home health care, elder law, assisted living, medical devices, Alzheimer’s care, and resources for paying for care.  Your local host for The Eldercare Channel is Cheryl David, is a local Certified Estate Planning Specialist and Elder Law Attorney with over 25 years of experience.

The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.

Are you looking for senior resources in Guilford County, NC (Greensboro, High Point, Burlington, Kernersville) for yourself or a loved one?  Find all of the best local providers at The Eldercare Channel, a video-based web directory of senior care providers in a variety of need areas, including but not limited to home health care, elder law, assisted living, medical devices, Alzheimer’s care, and resources for paying for care.  Your local host for The Eldercare Channel is Cheryl David, is a local Certified Estate Planning Specialist and Elder Law Attorney with over 25 years of experience.

The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.

Estate planning often involves more than just planning for yourself, it requires keeping closer ties with your family. With the recent economic downturn, this sometimes means staying so close that you reside under the same roof.

Recent census data shows that there has been a marked increase in the number of multi-generational homes over the past 10 years. In 2000, about 3.7 percent of households were home to family members of two or more generations. By 2010, that number had increased to 5.1 million, an increase of 21 percent. While some of the increase has been caused by economic factors, other factors also come into play. The increase in hispanic families, which traditionally house multiple generations in the same home, is also partially responsible for the rise in extended family households.

The prospect of moving in with parents, or having parents or grandparents move in with you, poses benefits and downsides. Living with multiple generations in the same household requires adjustment by everyone, and periods of stress or conflict aren’t uncommon. However, the potential benefits reach across the generations. Elderly parents can save money and have family members close at hand if medical emergencies arise. Younger couples with young children can benefit by having a grandparent close by when the children need supervision. Many grandparents and parents of adult children also report a greater sense of happiness and fulfillment, especially when they contribute or assist in household needs.

Even families that don’t necessarily live in the same household can benefit from extended family situations. Living close-by to an elderly parent or having an adult parent that spends the weekend can provide a range of benefits to everyone involved.

The Law Offices Of Cheryl David is a member of the American Academy of Estate Planning Attorneys.