If you have someone financially dependent on you, you need to have a will. An advanced directive with your medical wishes while you are of sound mind is also important. A limited durable power of attorney is needed if you are suddenly incapacitated. Or incarcerated. Or flying under the radar. What if you spouse needed to sell your jointly owned home to pay your medical bills or to be with you if you fell ill in Timbuktu? He/she couldn't without it.
I am the executrix for my parents' estates. They passed two years ago and the most bizarre events have conspired to haunt and confound me. And it's still not over with. The state will be claiming everything, nothing is left for their heirs. They were lovely, honest hardworking people who had wills. They are taking their final rest together at Arlington National Cemetery.
Note to all: Name somebody you really don't like to execute your will. Get the last laugh.
Don't choose me. I shall refuse. Nothing personal.
3 comments:
I am sorry to hear you had such problems. Until my mother sold her home, I was listed as a co-owner for estate purposes. It meant she couldn't claim one of the tax deductions, but we felt it was a small price to pay. I hope this info helps someone down the line -
Ashantay, that sounds like a very good idea, what you did with your mother's home. I'll keep it in mind as I age.
Pie, you're too funny. Name someone you don't like:)
I do hope the drama settles down for you.
One of the reasons we wrote a will was to make sure the pets were cared for.
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