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The best thing you can do is continue encouraging them to create an estate plan so all their assets are safely managed. A good estate plan will include a Durable Power of Attorney and a Medical Power of Attorney, so you'll be in a better position to help if they do become a target of fraud.

Asset protection ensures your property is preserved for your beneficiaries, rather than being spent on long-term care. It's important to understand a number of things about asset protection: You protect assets by putting them into a lawyer-drafted irrevocable trust. You must hire a lawyer to do this properly.

Steps for Making a Financial Power of Attorney in Wisconsin Create the POA Using a Form, Software, or Attorney. Sign the POA in the Presence of a Notary Public. Store the Original POA in a Safe Place. Give a Copy to Your Agent or Attorney-in-Fact. File a Copy With the Land Records Office.

Create a Trust Deciding on an irrevocable trust is one way to protect your assets from nursing home costs. Once you place these assets in the trust, you no longer own them. From that point on, a trustee will manage them. However, you can still receive income and interest for those assets.

What are not countable assets? Your home (if the community spouse or other dependent relative lives there). One car. Burial assets (such as insurance, some amounts in irrevocable burial trusts, and plots). Household furnishings. Clothes and other personal items.

(b) Whoever intentionally causes bodily harm to an elder person is guilty of a Class H felony. (c) Whoever intentionally causes bodily harm to an elder person under circumstances or conditions that are likely to produce great bodily harm is guilty of a Class F felony. (3) RECKLESS CAUSATION OF BODILY HARM.

Legal Requirements of a Codicil It includes your full name and address. There is a declaration that you are of sound mind and understand that you are making a revision to your existing estate plan. There is a brief explanation of why you have altered your will, especially if you are planning to disinherit a named heir.

To ensure a codicil is legally binding: Signature: The person making the codicil must sign it. The signature confirms the intent to make the document effective. Witnesses: Typically, two witnesses must also sign. State Laws: The legal requirements, including the necessity of notarization, vary by state.

Some reasons a codicil can be contested include: - Lack of testamentary intent - Lack of testamentary capacity - Undue influence - Fraud - Duress - Mistake - Revocation If you are considering challenging a will or a codicil, you should speak with a probate litigation attorney as soon as you can.