Talk of The Villages Florida - View Single Post - Solo Agers (single & no kids)--how are you planning for live in your 80's & beyond?
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Old 02-17-2024, 09:22 AM
Caymus Caymus is online now
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Quote:
Originally Posted by retiredguy123 View Post
The issue of liability is if the bookkeeper or CPA is managing a person's money who is mentally incapacitated. They need to make financial decisions that could be challenged by family members, a court, or another entity. That is why it is important to simplify your finances as much as possible before you become incapacitated. I asked several attorneys if they provided this service, and every one said no, and that they could not recommend anyone.
At least on the money management side isn't this one of the (few) times that annuities are a good option?

Last edited by Caymus; 02-17-2024 at 11:12 AM. Reason: typo