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Reply to "Has anyone sought guardianship of their elderly parent... "
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[quote=Anonymous]If the person with dementia previously executed estate planning documents which include a trust, that would typically provide for a successor trustee in the event of disability, allowing the successor trustee to take protective actions to preserve the grantor's assets. Usually a medical certification of incompetence is required which, when sent along with a copy of the trust document naming the successor trustee, would allow the successor trustee to begin acting on behalf of the grantor with respect to bank and investment accounts, insurance, to sell real estate, etc. [/quote]
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