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Allsup Outlines Five Critical Issues for Caregivers Preparing to Take on Financial and Healthcare Responsibilities
Date:8/19/2008

From gaining legal authority to knowing the steps to take and when to seek help

Belleville, Ill. (Vocus) August 19, 2008 -- Each year millions of individuals suffer a sudden or progressive impairment that makes it difficult or impossible for them to make sound financial and healthcare decisions on their own, according to http://www.allsup.com/ [Allsup], which offers services that support the financial well-being and health of individuals with disabilities. Stepping in for these individuals are caregivers, generally family or friends who don't have professional financial consulting experience. In addition, these caregivers now are in the very serious role of making critical decisions for the individual they've agreed to care for.

"The most important thing caregivers can do is to educate themselves on their responsibilities once they've taken on this role," said Paul Gada, an attorney and personal financial planning director of the http://allsup.com/Financial-Matters/Financial-Matters-Overview.aspx [Allsup Disability Life Planning Center]. "It's not easy and can be further complicated by the emotional involvement the caregiver often has with the person they're caring for, be it a spouse, parent, other close relative or friend.

"It's also important, however, that caregivers recognize they are not alone and that they seek help when they need it," Gada added.

Having committed to be a caregiver, there is a lot of work that will need to be done. Following, Allsup outlines five crucial first steps.

Secure power of attorney

A power of attorney for property provides a caregiver the legal authority to make decisions about and exercise control of various assets and transactions. A heal
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