Download - HelpingYou_EarlyStage
-
7/29/2019 HelpingYou_EarlyStage
1/2
AdvAnce directive
A legal document that protects a persons
right to reuse medical treatment that
they do not want, or to request treatment
that they do want, i they lose the abil-
ity to make decisions or themselves. It
incorporates the Power o Attorney or
Health Care, Instructions or Health Care,
and Organ Donation.
Attorney-in-FAct
Also known as the Health Care Agent. The
person named to act on ones behal in an
Advance Directive.
BeneFiciAry
The person(s) who receives the benefts
o a lie insurance policy, living trust or
a will.
conservAtee
A person who is incapacitated and or
whom a Conservatorship has been set up.
conservAtor
An individual who is appointed by the
court to act on behal o a person who is
incapacitated.
conservAtorshipIn Caliornia there are two orms: the
person and the estate. In the ormer, the
persons medical care, personal care and
housing are covered, while in the latter,
the fnancial part is covered. There can be
one Conservator over both parts or they
can be separate.
executor
The person named in a will who is cho-
sen to manage the estate o a deceased
individual.
GrAntor/trustor
The creator o the living trust.
irrevocABle trust
A trust which has terms that cannot be
changed.
power oF Attorney FinAnciAl
One or more individuals selected by you
to immediately, or in the uture, assist
you with your fnances in the event o
incapacity.
principAl
The person signing the power o attor-
ney to authorize another person to legally
make decisions or him/her.
proFessionAl FiduciAry
A Guardian, Conservator or Trustee who
is registered with the court and/or state
organization.
revocABle livinG trust
A device that describes certain property,names a trustee and names a benefciary
who receives beneft
rom the trust. It can
be revoked by the
person who created it
during that persons
lietime.
sociAl securityretirement BeneFits
Benefts or eligible workers and their
amilies when the worker retires. The
worker must work or a certain period
at a job that is covered by Social Security
and the worker must be at least 62 to re-
ceive retirement benefts.
sociAl securitydisABility BeneFits
Benefts paid to disabled workers andtheir amilies ollowing a waiting period.
speciAl needs trust
A special trust that provides a und to sup-
plement the governmental benefts o a
benefciary, while not aecting that bene-
fciarys eligibility or public benefts.
supplementAl
security income (ssi)
A ederal program which provides cash
assistance to the aged, blind and disabled
who have limited income and resources.
testAtor
The person who executes a will.
trustee
The individual, bank or proessional f-
duciary who manages the assets o the
living trust.
will
A document that a person signs directing
how he/she wants his/her estate handled
upon death. The terms o a will are eec-
tive only upon the death o the testator.
Los Angeles, Riverside & San Bernardino Counties Chapter
glossary of legal terms
This brochure was made possible by the donated expertise o Mitchell A. Karasov, Esq. and Anita H. Miller, M.A., PGCM,o the Law Ofces o Mitchell A. Karasov, and was generously unded by the Archstone Foundation.
www.alzla.org 800 272 3900 Helpline
-
7/29/2019 HelpingYou_EarlyStage
2/2
Keep in min
Managemen
Managemenliving arrang
Preserving thspouse and
Providing pathrough priv(very time lim
or Suppleme Distribution
c a ag sooner a a aI a co-trustee or co-agent is put in
place early, you can have the chance to
see or yoursel i youve chosen the
right person. You can work together
and test whether they are doing things
the way youd like. This allows or
peace o mind and a smoother transi-
tion or both parties alike.
3
ea bf agI youre age 65 or older, the main
source o your health coverage is like-
ly Medicare, which covers inpatient
hospital care, some doctors ees and
medical items, as well as outpatient
prescription drugs.
However, people under the age o
65 (early-onset) are oten unable to
get medical insurance and sometimes
they lose their benefts i they must
retire early. It is very important to ask
your employer about any disability
policy and ongoing insurance. I the
sole option is Social Security disabil-
ity, youll have an approximate two-
year wait beore Medicare becomes
eective. You may want to consider
Medi-Cal as a orm o gap insurance.
4
w sa
pa First and oremost, your relation-
ship with your doctor is very impor-
tant to make sure you receive a ull
diagnostic work-up.An early and thorough diagnosis
allows you to start taking medi-
cations sooner which can help you
maintain a better quality o lie or a
longer period o time
allows you time to check into
your insurance coverage and make
decisions about a long-term care plan
with your amily and qualifed pro-
essionals
allows you time to make plans
or yoursel and your amily
mak a ga a aThese documents will provide
a roadmap or the person(s) you
choose to make sure your healthcare
and assets are managed as youd like.
Also, i there are any individuals you
do not want to make legal decisions
on your behal, its a good idea to
point that out as well.
1
2
5 F ab Contact the Alzheimers Associationat (800) 272-3900 or help with ser-
vices, including inormation about
the Memory Club, a
10-week educational
support group or
amilies coping with
early stage dementia.
s G
Assistanforms ov
If you are considering or have purchased
long-term care insurance
Check on whether theres a waiver o premium.
Is Alzheimers disease covered?
Whats the daily benet and is it
adjusted annually or infation?
What is the length o time that benets will be
paid and is there a maximum lietime payout?
Always name a
back-up age
primary agent
able or unwillin
Think about ha
third person as
der the power immediate am
dont get along
Stipulate any ch
amily member
you or assistan
m a a aThese proessionals are more
likely to be knowledgeable about
handling dementia cases. Always
ask beorehand i theyre specif-
cally experienced in this area.
6
Important issues to discuss:
Options or health care decision-
making and property management Possible coverage o long-term
care services
What to bring to the meeting:
Insurance policies & list o cash values
Stocks and bond certicates
Bank & brokerage account inormation
Pension and other retirement
benet summaries
Social Security payment inormation
Rental income paperwork
Deeds and mortgages
Monthly or outstanding billsCopies o recent tax returns
Health insurance policies
Admission agreement to any
healthcare acilities (i applicable)
List o names, addresses, and phonenumbers o all important parties, including:
amily members (a amily tree is very
helpul to have), nancial planners,
accountants, caregivers and physicians
knowledge is powerknow your options