Financial Resources for End-of-life Planning
When a loved one dies, settling finances can be a difficult process. Here’s what you need to do to ensure your retirement savings, investments, and other bank accounts are distributed how you wish.
If you’re planning to retire soon, getting a part time job is a great way to help with the transition. If you’re already retired, you may be seeking out part time work for budgetary reasons or for supplemental income; maybe even just to keep mentally or physically active.
Have you ever been the decision maker for someone else’s choices? Not the little choices, like what outfit to wear, or where to eat dinner. The big decisions. Where a person wants to be buried. How he wants to die, surrounded by family, or with medical professionals there. What kind of care she wants for her physical body - cremation, burial, body donation. Where the money goes after death.
Preparing for downsizing can be a difficult thing to do. For us, it was simple. For my mother, it was not such an easy transition.
Here are some facts that may help determine if you, or someone you love, should consider implementing a Power of Attorney.