A good time to consider consulting with an elder law attorney is when you begin to see some signs of deterioration with your parents, whether it’s an illness or even just a change in their mental ability. When they reach their retirement years, age 60 and above, you may start to see more signs that lead you to think, “Jeez, we should do some things to help them protect their assets, to put someone in place to make some decisions for them if they can’t make those decisions themselves.” It can be the child that recognizes those signs, it could be a neighbor, it could be your parents themselves — but as soon as you see a sign, it’s important to meet with an attorney.

To learn more about how to track assets, among other things, check out our blog post on The Asset Trust Organizer.