It is not uncommon for people to live alone in their later years. According to federal data, here in the U.S., around 19.5 million individuals age 65 and over were unmarried in 2016. Special concerns can arise for elderly individuals who live by themselves.
This includes concerns over long-term care. These concerns can be particularly strong for single seniors without kids. Elderly individuals with a spouse or kids may be able to get care support from these family members, including family caregiving. However, single seniors often don’t have these types of support structures to fall back on when big long-term care needs come up.
So, planning how to ensure future long-term care needs will be met, including financially, can be especially important for single seniors. There are various options elderly individuals who live on their own can have for long-term care planning. Skilled lawyers can advise seniors on which such options would fit well with their goals and situation.
Another concern single seniors may have when it comes to the future is who will make important decisions for them should incapacity strike. People can name who will hold such important decision-making roles through documents setting up financial and health care powers of attorney.
Now, deciding who to name for such roles in these documents can have an added layer of challenge for single seniors, particularly those without children. This is because many people choose to name a spouse or an adult child in their power of attorney documents. With these options not available to them, single seniors without kids may have many questions on what sorts of things they should keep in mind when picking who to give power of attorney to. Skilled estate planning lawyers can answer questions seniors have related to powers of attorney, including questions on selection considerations.