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PoindexterOglethorpe

(25,812 posts)
8. A will is still needed, even if you go for a living trust.
Tue Aug 10, 2021, 04:32 PM
Aug 2021

Also Power of Attorney and Medical Power of Attorney paperwork. Also a health care directive. A copy of the last needs to be in an envelope with ATTENTION EMT on it, preferably taped to the refrigerator, where they should readily see it. Especially if you don't want a lot of intrusive medical stuff done to you. Without that in writing, the default is always to do everything.

Having a trust drawn up will be pricey, easily a thousand dollars or more. A simple will will still run a couple hundred dollars. But having an attorney draw up all the paperwork, and doing it properly will give you a lot of peace of mind.

I had all that stuff redone recently, and sent copies of everything to both my son and my sister. I happen to live alone, and want them to know as much as possible about these things.

Latest Discussions»Culture Forums»Personal Finance and Investing»Talking to a fiduciary Mo...»Reply #8