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Palm Springs Law Blog

Monday, September 30, 2024

Legal and Healthcare Considerations for Solo Aging in Palm Springs

Solo aging is nothing new. According to the U.S. Census, the number of people living alone has increased every decade since 1940. People over 60 in the U.S. are more likely to live alone than those in other countries. While it may not be a new phenomenon, solo aging does present some unique challenges. 

Health Concerns of Single Seniors

Being over 60 today isn’t what it used to be, especially in a community like Palm Springs — where there is a large population of seniors and many fun activities are designed for older people. However, living alone still has its challenges. 

Isolation is one of the biggest health risks related to solo aging. Isolated seniors are more likely to experience anxiety, depression, substance misuse, and cognitive impairment than those who don’t live alone. According to one study, isolation may also lead to an early death

Mental health concerns aren’t the only health issue. Solo agers have a higher risk of being hospitalized or dying after a fall or other serious injury. When it comes to financial health, living alone can make seniors more vulnerable to financial abuse, especially those who manage their finances alone. 

How can estate planning attorneys help? 

Seeking legal assistance may not be your first thought when considering how to make the most of solo aging. However, time spent with an experienced estate planning attorney is a smart investment. Estate planning is about more than deciding who will receive your assets after you pass. It can also ensure your healthcare preferences are respected and protect your finances. 

Care Planning

What is your plan if you become incapacitated and are no longer able to live independently? The time to research senior living centers, home care, and end-of-life options is before those options are needed. If you become incapacitated and have no one to speak for you, the state may make your healthcare and living decisions for you. 

A care plan may include any or all of the following:

  • Creating healthcare directives to guide your medical treatment if you are unable to do so

  • Writing a living will

  • Appointing a power of attorney

  • Pre-arranging payment for long-term care

Care planning puts your wishes in writing in a legal document. It allows you to name a financial and healthcare surrogate who is legally obligated to make sure your preferences are honored. Without an assigned durable power of attorney, a judge may choose a guardian to oversee your healthcare and your assets. 

Creating a Will and/or a Trust

Everyone should have a will regardless of their financial status. A will dictates not only who will receive your assets but also who will not. Without a will, your belongings, including financial assets, could pass to an estranged relative. A will can also include instructions and provisions for the care of a beloved pet or helpful friend. 

Keep in mind that verbal agreements aren’t legally binding. Just because you promised a certain piece of jewelry to your favorite niece doesn’t mean she will receive it if it’s not specified in a will. 

Trusts are legal contracts that allow you to safely put away money for individuals or charities. Some types of trusts, such as an irrevocable trust, are another opportunity to protect your assets and your healthcare if you are incapacitated. 

It’s Never Too Late to Plan for the Future

Seniors who live alone are free to explore their interests and enjoy the company of friends on their own schedule. While there are many advantages to solo aging, there are also some disadvantages. You can decrease the impact of those disadvantages with the help of sound legal planning. 

Contact Heritage Legal, PC in Palm Springs, CA, to schedule a free estate planning consultation.


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