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Originally Posted by DaddyD
I'm not certain what you are referring to when you wrote that your kids have seen an advisor and planned for the "what if". If by "what if" you mean if one spouse outlives the other and ends up w/ diminishing mental capabilities and needs help, I'd be interested to know what their advisor and they have planned.
If by "what if" you are referring to death...that's not a "what if", that is a "when". The end game is certain and the same for all of us.
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Reread the post “dinks once a spouse passes” on your own. Meaning single with no children isn’t any different than Dinks when a spouse passes. Their what if is healthy spouse dies in an accident and remaining spouse has either severe medical issues or terminally ill. That’s where planning takes front and center.
The “what if” is what your financial person plans for, pretty sure everyones needs are nothing compared to what you would need for “What if”.
Financial guys don’t give advice for free, worth a sit down for you.
We have 3 children, with flourishing practices, who all have their own lives. We have plans in place with our advisers, that no child will have to take on any burdens due to diminish health or mental status. In turn none of our children expect us to take care of one of them in a what if event.