Massachusetts residents are living longer now than ever before. This could mean that the possibility of some older people becoming incapacitated is a real concern. Adult children may want to discuss estate planning with their parents in order to ensure that a plan is in place just in case.
Once an elderly parent's health is on the decline, it might be too late to prepare for an easy transition for an adult child to take over making financial and healthcare decisions on behalf of his or her parent or parents. It may be difficult to bring up money and the possibility of incapacitation with a parent. However, it is the first step toward ensuring that a parent is taken care of as he or she ages.