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Wisest Elder Ever
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Join Date: Jan 2008
Location: Deep South
Posts: 21,576
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Wisest Elder Ever
Join Date: Jan 2008
Location: Deep South
Posts: 21,576
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Quote:
Originally Posted by dahlek
To mention the 'bank' thing! That is an area many folks overlook. It's critical to having things taken care of in times we really do NOT want to think about. Ok Call it a necessary evil that the medical professionals don't focus on, and at times, the legal guys don't think of! My DH and I found out the hard way w/his parents, one of whom worked with AARP seniors in tax and life planning.. Thought all had been taken care of in advance -NOPE that bank thing was the trickiest...and it's different from state to state.
Whoever you choose to be your agent? Be really truly sure that you trust them. It's better to pick a person in advance than to learn that your life and resources have been abused by a 'court appointed' stranger. It can and does happen.
WE should, tho we don't want to?, choose while we can what to do about ourselves and our futures now. Not, when we can't speak or worse. 
Planning avoids the worst of the problems, and then things can be decided for us in a way far more the way we want them!  ' s to all! - j |
I just remember all the decisions I had to make after my DH died suddenly. NOT the time to make big financial decisions.  People can and will take advantage of you. Big time.
Plus, I didn't want my children to have to go through what I did. Both of my parents had everything planned and taken care of.....and I appreciated that SO much. Especially the part of deciding whether or not my Dad got a feeding tube. He didn't want one....had stipulated in his medical directive that he didn't want one.....so even though he couldn't verbally tell us it was already decided by him. Made it so much easier to deal with.
The POD is so important. If your family cannot access your money everything else is sort of a mute point.
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