Elder Orphans
USA Today recently published an article on a unique but growing part of the population called “Elder Orphans.” Elder Orphans are seniors that are lacking a close social network of family and friends. This group is unique to the baby boomer general as a result of divorce, family mobility, decline of marriage, and increased childlessness. The question remains as to who will take care of these aging seniors down the road. Reference Bureau demographer Mark Mather said the combination of aging boomers and family dislocation is creating “a potential caregiving crisis or at least major challenges down the road.”
The creation of an estate plan can significantly reduce many of the challenges associated with reaching old age and diminished capacity. If a senior does not have any particularly trusted friends or family, a professional fiduciary can always be selected to step into the role of agent under power of attorney or healthcare directive or trustee. If you would like to discuss estate planning further feel free to contact the Law Office of Stephanie Macuiba at 949-697-5958.