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Modern Love and Modern Death
Old 10-20-2019, 07:32 AM
 
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I wrote about Modern Love in the Lounge. Please watch it.

Modern Death. I finally got around to doing what so many of you have already done. I had a Trust made by an attorney. I filed a separate DNR with my medical plan. I bought 1 of those books recommended here to fill in final information for my kids, but that didnít work for me. So I spent the last week making a small (easy to edit) notebook with individual pages of info in a way that makes sense to this old teacher. For example, 1 page is my condo and another page is my medical. 13 pages (with locations and account numbers and phone numbers and passwordsóI had to look sooooo much up, but it would have been terrible for others trying to find everything). I finished yesterday and I think itís genius . Sorry, Iím patting myself on the back.


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You are a genius!
Old 10-20-2019, 07:51 AM
 
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Thanks for writing this. I've got to stop procrastinating and do the same. Your notebook idea sounds like a good plan. One question... where is a good place to keep that notebook? I thankfully no longer live in a high crime area now that I've retired, but I still do worry (probably needlessly) about a break-in. I wonder about using a bank deposit box. Or is there a safe way to keep all that info somewhere online?
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notebook
Old 10-20-2019, 10:16 AM
 
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amiga, what a great idea! I should do that as well, except my passwords keep changing. I'm sure you already have a power of attorney with your DD, so things can move flawlessly.
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Just A Reminder...
Old 10-20-2019, 11:26 AM
 
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Amiga,

So glad you now have a trust.

It sounds like you have accounts all over the place. Be sure each one of those accounts is included in your trust. That means you have to write to each company and have the first line of that document changed so it says something about your trust (like John Doe 2017 Revocable Trust) in the first line of the paperwork. You also need to do this with your car registration, home/condo deed, checking account, savings account, annuities, life insurance, IRAs, etc. At my bank, it involved getting a new checking/savings account number and new checks. All the paperwork is a pain, but well worth it for those who are inheriting.

My dad had everything in a trust except his car and condo. Because their value was over $50,000, we had to go through probate...which was a bigger pain than just doing all the paperwork for a trust.

Another thing that happened to us was that once I got two doctor's signatures to become my dad's power of attorney for healthcare, those same two doctors would not sign to become his power of attorney for his money. He was in a wonderful care facility, but my sisters and I were paying the bills out of our own money because we did not have access to his money. That was really a pain.

I am single. When I had my trust made, my lawyer suggested a springer trust. With this kind of trust, as soon as the doctors give my youngest sister power of attorney for healthcare, she automatically has power of attorney for my money so she can go to my bank/investment counselor and pay my bills with access to my money.

So much to think about...

ConnieWI

Last edited by ConnieWI; 10-20-2019 at 11:43 AM..
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Old 10-20-2019, 12:03 PM
 
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Thank you for the information. I had no idea about the difference between the two different powers of attorney. I will check into it, and will make sure DH will do as well.


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Old 10-20-2019, 12:21 PM
 
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Thanks, Connie. Mail from my investments and banks is now addressed to the Amiga Revocable Trust and some of it even includes POD Amigaís Daughter (itís odd seeing that in my mailbox). And I even have a witnessed copy of my Health Care Directive on file with Kaiser.

Iím really glad I did this. It made me realize how much more complicated my life is than my parentsí was. I made phone calls for my dad when Mom died, but it was pretty simple because everything was joint. Same thing when my husband passed away, not too hard. BUT it was quite challenging when my dad died. Even though he had a Trust and I was an only child, some places gave me such a hard time that I had to hire a lawyer for help. And I have a lot more going on than they did. Iím pretty sure, between the Trust and my instructions, all bases are covered. And if theyíre not, Iíll be dead, so tough luck.
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Genius!
Old 10-20-2019, 02:49 PM
 
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Wow, thank you to both Amiga and ConnieWI! I need to take care of these things, and your posts are a great reminder and full of helpful info.
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Good information
Old 10-20-2019, 04:14 PM
 
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You did a lot of work. I still need to get my paperwork in order. The only paperwork we did was a will. Thanks!
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Old 10-20-2019, 06:58 PM
 
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I'm executor for my mother's estate, most of which was held in a living trust. I've had to fill out lots of paperwork to get accounts changed with me as trustee, rather than her. I never knew about medallion guarantees before. Kind of like getting paperwork notarized, but the requirements are more strict. The stamp is multicolored--rather pretty.

Once I get her affairs in order and the assets distributed, I need to set up a trust for myself and DH. More paperwork.

And I am very slowly trying to work through writing down the necessary information about our assets for our son's eventual use. We do have a will in place and power of attorney.
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Modern death
Old 10-21-2019, 09:25 AM
 
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You have galvanized me to stop putting this off. I had one of those books and never filled it in. After all the deaths around me, it is time to make a book for myself, as well as DDs.

DH pays all bills online and I donít have the passwords. Will get them.

My 40 year old cousin passed away a few years ago. She did a lot of banking, bill paying, family history, photos, etc. on her computer. No one has her password and computer canít be unlocked.

Thanks for the reminder.


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Old 10-21-2019, 04:47 PM
 
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We did wills years ago when the kids were young. Next week, we finally have an appointment to move everything into a trust. My married son has copies of all our accounts and passwords. He keeps them at his house so hopefully thatís safe enough.
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Old 10-21-2019, 08:34 PM
 
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Thank you for the reminder about putting things in the name of the trust. We have one, but don't know if we did that important piece!!
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Keltikmom
Old 11-01-2019, 10:09 AM
 
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Quote:
No one has her password and computer canít be unlocked.
Keltikmom, there are specialists who can unlock the computer without a password. Your cousin's relatives need to take it to a reputable computer repair/recovery company. There are means to unlock it, but your relatives may need documentation to show that they are related or are the beneficiaries.
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