As seniors age, having a network of support becomes crucial to maintaining their quality of life. Family members and close friends often step in to provide care and assist with important tasks. However, many seniors find themselves without this kind of support.
A significant number of seniors lack family or friends to turn to due to various reasons, such as being unmarried, divorced, widowed, or not having children. In some cases, their children may live far away or may not be in a position to provide reliable support. Additionally, as seniors grow older, their friends may no longer be physically able to assist them. The absence of a support network can take a serious toll on a senior’s well-being. In fact, one study published in the Health Resources & Services Administration’s newsletter equates the health impact of loneliness and isolation in seniors to smoking 15 cigarettes a day.
For seniors without family or close friends, it may seem like there are few options for reliable assistance. This is where fiduciary services come in, providing seniors with professional help in managing their affairs when they need it most.
What Are Fiduciary Services?
A fiduciary is a professional who is legally obligated to act in their client’s best interests. This role can be fulfilled by various professionals, such as physicians, financial managers, and attorneys. Fiduciary services might include managing finances, serving as a healthcare agent, acting as a trustee, and handling estate affairs.
Through a power of attorney, a fiduciary can be authorized to make decisions on behalf of a senior, such as paying bills, managing assets, making healthcare decisions, and more. These services can ensure that a senior’s assets and healthcare are handled responsibly, and they can offer protection from exploitation and abuse.
While we do not offer fiduciary services directly, we understand the critical importance of this support for seniors. That’s why we are happy to refer our clients to trusted professionals who specialize in these services. We are happy to connect our clients with reputable healthcare professionals with whom serve as a fiduciary.
If you are looking for elder law services, estate planning, or related support, reach out to Robert Slutsky, a highly experienced elder law attorney serving in Pennsylvania. Over his 30 years as an elder law attorney, he has shown unparalleled dedication to protecting the well-being of his senior clients, and he can do the same for you. Call (610) 940-0650 if you are looking for estate administration lawyers in Delaware County, PA, or anywhere else in the area or if you are in need of any other elder law services to support you.