Watching a parent age is difficult under any circumstance. If your parent is starting to exhibit signs of dementia or is otherwise making you question his or her ability to live independently or make sound decisions, it may become even more problematic. In such situations, it may be time to start considering a guardianship.
According to Forbes, a power of attorney may give you or someone else the right to step in and make decisions on behalf of a parent, but not everyone has one. Even if your mom or dad did give you or someone else power of attorney, there are some situations that may warrant more than that.
A guardianship gives you or someone else appointed by a court legal authority to make decisions on your parent’s behalf. In most cases, you establish a guardianship because your parent has a disability or incapacity that makes it difficult to manage personal affairs.
Situations that may warrant guardianships
You may need to petition for guardianship if your mom or dad needs specific types of medical care and is unable to agree to it. If you believe living alone is becoming dangerous for your parent but the parent refuses to move into a nursing home, you may need a guardianship to move forward with the transition.
Certain real estate transactions that involve your parent may also warrant a guardianship. If your parent shows signs of dementia but has not, and refuses to, sign a power of attorney, this is another situation that may give you cause to consider this type of arrangement.