As a person ages, their medical care needs might increase. This comes at a time when their income might be decreasing. By the time they are retired, they might need considerable care, but they might not have the money to cover that care.
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Guardianships over adult parents might be necessary as they age
As adults age, they might begin to show signs of dementia and other age-related conditions. When the mind begins to slip and they can't understand how decisions impact them or relay decisions they make, it might be time to establish a guardianship for senior care. This isn't an easy thing to think about if you are dealing with your parent's decline, but it is a way that you can truly help them to be able to enjoy as much peace as possible in their final days.
