- Joined
- Dec 3, 2017
- Messages
- 27,297
I hope you can take the opportunity to speak to your parents and perhaps inlaws about this. I have been extrememly fortunate that all of our family (inlaws too) do not mind talking about this kind of stuff and they have all made their 'end of life' plans. My mom has paid for her plots, her urns, her cremation, and has even gotten her stone carved....it's just waiting for an end date. In all honesty, it's a bit morbid, but I enthusiastically thanked her and gave her a big hug for getting all those plans done. I have wills, POA's (both medical and financial) and other documents for my parents and inlaws in the safe ready to roll. I am currently working on getting my Lady Bird Deed finalized for my kids so that they don't have to worry about probate when we pass. The property and everything that is on the property will go straight to them and they even get the benefit of a step up cost basis so that if they decided to sell (which I hope they don't) they would not have to pay capital gains tax.
I know some folks that have had to deal with the mess left by their parents. Most of the time it is unnecessary. A little pre-planning could have saved a whole lot of heartache. In addition to dealing with the emotional loss of a family members, they also had to deal with the finances and clean up of everything, including going thru probate. It truly is a gift when someone understands what a horrible time this can be, and makes sure their ducks are in a row upon their death.
As far as long term care......I have some more investigating to do. During our working years, we made sure we had disability insurance should something happen to us, so that we could continue to pay the bills. Now that we're semi-retired, it's probably time to give some more thought and planning to LTC.
Hubby parents did the same thing which I'm sure it was his mother she was the big planner and practical one.
She too even had inscriptions on both their head stones. But they both stayed in their modest home on 10 acreas last 40 yr.s and never had any outside help.He passed 18 years before her. She had sudden case of toxic live from medication poisoning was her cause of death at 86. She was only sick about a week,thank God.
She had a great young couplw who lived behind them who watched over her since her hubbys passing. Still drove herself 30 miles to doctor ,grocery PO.
I learned alot from her and loved her.