As your parents grow older, they may be less capable of caring for themselves. This can lead to health issues and financial problems, both of which are extremely damaging if left unaddressed.
At some point, it might be necessary to appoint a guardian to oversee your loved one’s affairs. Guardians make decisions on behalf of others when they are unable to do so on their own, which often occurs when a person develops dementia or Alzheimer’s. Forbes explains a few reasons why it may be best for you to establish guardianship for a senior parent.
Your parent refuses to be admitted to a nursing home
Placing a loved one in a nursing home is challenging, even when it is in your parent’s best interest. Your family member may require greater care than you are able to provide, which is often the case when cognitive decline is an issue, or your loved one has significant medical needs. When nursing home admittance is refused, a guardian can step in and make the decision in the best interest of the party being admitted.
Your loved one will not sign a power of attorney
A power of attorney protects your loved one’s finances when they are no longer able to make reasonable decisions on their own. Giving up authority over one’s finances can be an intimidating experience, which leads some elderly people to refuse to do so. However, the consequences for this refusal may be a massive loss of assets, especially if the person falls victim to a financial scam. With a guardianship in place, you assume control of your parent’s finances to prevent major issues from occurring.
Your family member refuses to take essential medication
Serious mental health disorders can cloud a person’s thinking and render them unable to make rational decisions. If your parent experiences such an illness and refuses to take necessary medication to control symptoms, they will require a medical intervention. That way the right medication can be administered to keep your loved one mentally healthy.