Advance Health Care Directive (medical power of attorney and living will) DONE. Need to print it out, get it signed by some witnesses, and hand out copies.
Insufferably proud of self. I had procrastinated this one for years.
Insufferably proud of self. I had procrastinated this one for years.
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But the health care stuff, nope, I've never done one of those before. For quite a few surgeries with general anaesthesia, they've asked when I'm doing the intake paperwork, but I never did it. Now if there's ever a problem Rob will be in a much better position to say that he knows my wishes.
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did you do it on your own or did you use some sort of form or reference? if so, i'd love to know what it was.
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if she hadn't died, i doubt i'd have ever bothered.
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(Trust? What do you use a trust for, if you don't mind the question? I haven't set one up for anything.)
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i set up a Revocable Living Trust for my nephew. when i die, the money goes into trust for him, administered by a bank. i did it because his parents are divorced, and i didn't want there to be squabbles about money, and with his mother as the custodial parent, if the money went straight to him, she'd actually control it, and i didn't want that. but the trust only applies if i die before he's, oh, 30 or something. after that, it'll go to him outright.
(not that i'm wealthy, but i do have life insurance, enough that there'd be money left over after paying off the house and dumping me in the ground).
that makes me think that i should check the working ... just in case my brother and his wife-to-be have kids (which i think they will).
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Cool about your nephew! I didn't know you had set that up for him. That's great. It's a good idea to do a little estate planning whether you're rich or poor. As you say, life insurance can make a difference.
Yeah, changes like gaining more nieces and nephews can mean redoing some of that stuff. If I do a will now I may have to revamp it completely in a few years when my brother and his wife, or my sister and her husband-to-be, start a family.
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I need to do a new standard will because mine's hopelessly out of date. When I wrote it my largest asset was my car. I wrote that my sister should get it because my brother already had one. The picture that would create today is amusing. My sister is now a thirty-five-year-old attorney and I still have that very same car, now doddering along at age seventeen. Think she'd be impressed? I don't think the car would make it as far as her house! That will also does not mention my retirement savings, a house, or Rob. Details, details. I really oughtta fix that.
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