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MalloryJames MalloryJames is online now
 
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Have you updated your will?
Old 07-12-2020, 06:52 AM
 
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It occurred to me if we go back to the classrooms, it could be bad. I need to update my will because I have 3 minor children and the couple we chose when our oldest is born no longer live here. And I need to set up arrangements for their care (and taking care of household bills and whatnot) even if their dad and I don't die, but are hospitalized.

I feel really morbid but I think I need to do this.

Anyone else?


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Old 07-12-2020, 07:34 AM
 
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I am single and live alone. My brother urged me to make a will. Not much, just my car, a little cash, and my townhouse. I actually have the forms all filled out and in an envelope, waiting to be mailed off!

Last edited by SoCalTeach; 07-12-2020 at 07:34 AM.. Reason: Spelling
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Select a Power of Attorney too
Old 07-12-2020, 07:59 AM
 
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The POA can take care of your finances and write checks on your account. Important before you die.
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Old 07-12-2020, 09:48 AM
 
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Having your ducks in a row is a good thing regardless of the pandemic. Make sure you have beneficiaries current on all insurances and financial accounts as well.
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Not yet...
Old 07-12-2020, 09:55 AM
 
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But it's on my list of things to get done before school starts.


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Old 07-12-2020, 10:24 AM
 
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If something happens to us, our 29 and 25 year old will have to go live with their grandparents.


It is on the list of things to do.
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Old 07-12-2020, 10:32 AM
 
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Donít forget a power of attorney for health care. You want someone who knows your wishes in charge if you canít speak for yourself.

When I had my first child we drew up wills. Then after child two we redid the wills and changed the childrenís guardian. Then DH got ill and doctor told him to do a power of attorney for health care so we did. DH died and I made a new will for myself and changed the guardian for DS2 (DS1 was a legal adult). Then I remarried and we each did new wills. Finally several years ago DH2 and I realized our circumstances had changed and we updated our wills.

So in my lifetime Iíve done four wills. If I outlive DH2, or he me, the survivor will need to redo the will.
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Old 07-12-2020, 10:47 AM
 
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I need to figure something out too. The couple that said theyíd take Mason (and Molly at the time) have acquired another dog so Iím not sure theyíd be willing to now. Itís just me, but I need a medical power of attorney and I need to name my brother executor. For me, I can use that online site. I have no money and no assets.
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Will
Old 07-12-2020, 11:45 AM
 
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I updated my Will before my knee revision surgery. I truly thought I would die on the surgical table.
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Old 07-12-2020, 11:51 AM
 
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My husband and I updated ours the other day and did living wills in case we end up needing medical decisions made as well.


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Where did you get the papers?
Old 07-12-2020, 01:44 PM
 
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I need to do a will as well. SoCal, Iím in a similar situation as you, single with few assets. Iím looking for an easy, inexpensive route. Where did you get your paperwork?
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Old 07-12-2020, 02:09 PM
 
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I’m single and few assets as well I did mine (will, living will and healthcare directives) a few years ago but sat down yesterday and double checked all of my beneficiaries.
Honestly, I think the living will/healthcare directives are even more important if you’re single!

I also just wrote an “in case of emergency” list and put down important information, passwords, etc. I told my best friend where it is if it needs to be accessed.

If you’re a member of the union in your district they may provide free services to write your will. Our union reached out today to let us know it was available.

I used a free online service and had two people witness/sign it. I also scanned and emailed all the documents to both my mom and dad.
This is free for the first 7 days: https://eforms.com/
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Will
Old 07-12-2020, 03:33 PM
 
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updated after 30 years last year. My brother is the executor. We chose not to have one of the kids so not to cause a problem. Quite a bit of money so don't want any fights. Apparently my husband and I were savers and good investors. Wow we should have gone a vacation is all I can can say.
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Ha
Old 07-12-2020, 09:28 PM
 
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I'm 23 and don't have a will. I'm worth a lot of house debt and the remainder of my meager paycheck if I die...I think my family would prefer if I just didn't have one.

That being said, I might write a note on my fridge for guardianship of my pup
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Old 07-13-2020, 06:23 AM
 
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It's really tragic that this needs to be a topic of conversation, "before I go back to school."
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For what it's worth...
Old 07-14-2020, 02:17 AM
 
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We have the good fortune of having an excellent personal attorney... who took the time to understand our concerns and wishes. Standard forms may seem better than nothing but they also may not... it's worth an hour or two to "get your affairs in order." We did this a few years ago and revisit it regularly as circumstances change.

One of the things our attorney pointed out is that circumstances can change in the blink of an eye... he was able to share a number of stories and strategies to make sure things turn out the way we want.

Since this is not something we do every week, it's worth investing in competent and thorough legal advice--if only to make certain you complete all the documents necessary. We found, for example, that the "standard" medical power of attorney our doctor had given us did NOT do what we wanted.

I have also been involved in settling several estates. In one case, things got very complicated due to one simple "oversight." In another, the executor of the will discovered conflicting instructions. For your own peace of mind and for those who are going to be responsible for following your instructions, it's worth doing it right.
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