Quote:
Originally Posted by CFP James
Great Point!
Both my children could take over responsibility of my Trust in the event of illness. I have experienced families not being able to assist parents in financial matters and it is very time consuming for children living outside of Florida.
I never have had to update my Trust but did create a new one after becoming a Florida resident.
Meet with an Estate Attorney and good luck.
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Do realize a trust is lot more comprehensive but wouldn't creating a Financial POA document be sufficient enough in the event someone else like your children must jump in to take care of your financial affairs?