Aging is a natural and inevitable part of life, and many seniors will eventually end up at least some help above what they can do for themselves. Whether a fall injures them and hurts their mobility, they fall seriously ill, or develop dementia and lose their ability to function as well as they could, someone to assist with decision making and managing affairs will be invaluable.
There are a variety of essential documents that seniors should put in place while still of sound mind and decision making ability. Keep all these documents together in a secure location, somewhere that a trusted friend or family member can quickly and easily access them if need be.
A financial advisor can help you with getting banking and bill paying in order. Making a list of your recurring bills, how and when you pay them, and what each one is for will help anyone trying to get a handle on your affairs if you find yourself unable to. Write down your bank account numbers, credit card numbers, any debts or liabilities you may have, any investments such as stocks and bonds, and any sources of income. Check with your bank for information on how to designate someone else permission to access financial accounts to pay bills with.
Compile your important documents, such as: Deeds to any homes or property, title and registration for any vehicles, insurance policies, tax returns, and any documents related to healthcare or advanced directives should you be unable to advocate for your own medical decisions.