1. The document discusses two important legal issues for seniors: preparing for diminished capacity and preparing to leave an inheritance. 2. It recommends granting powers of attorney and health care directives to prepare for potential diminished capacity and loss of ability to make financial and health care decisions. 3. It also recommends using wills, trusts, joint ownership or beneficiary designations to prepare an inheritance plan and avoid costly and lengthy probate processes.

1. 2 important legal issues for seniors Prepare

2. Preparing  for diminished capacity  to leave a heritage

3. Preparing for diminished capacity

4. Capacity ability to make decisions

5. 2 areas of concern  Financial decisions  Health care decisions

6. Financial decisions  Attorney-in-Fact  Power of Attorney

7. If you fail to plan Conservatorship

8. POA Conservator Cost

9. POA Conservator Cost Time

10. POA Conservator Cost Time Conflict

11. POA Conservator Cost Time Conflict Courts

13. Take away points 1. Get a Power of Attorney 2. Choose AIF carefully.

14. Health care decisions  Health care agent  Health Care Directive

15. ≠ living will ≠ health care POA

16. If you fail to plan Guardianship

17. HCD Guardian Cost Time Conflict Courts

19. Take away points 1. Get a Health Care Directive 2. Choose Agent carefully.

20. Preparing to leave a heritage

21. Joint ownership and beneficiary designations 1

22. a Will -> Executor 2

23. a Trust -> Grantor -> Trustee -> Beneficiaries 3

24. Will Trust Cost

25. Will Trust Cost Probate

26. Will Trust Cost Probate Flexibility

27. Will Trust Cost Probate Flexibility Public

28. If you fail to plan Minnesota statutes

30. Take away points 1. Draft a Will or Trust 2. Review periodically