[QUOTE=mvbird;2454476]Suppose you are 75 yrs +, kids grown, have owned a patio villa, tenant moved out, and you're thinking of selling it. But what next ?
Before giving it away? Do you have enough funds to pay $10-15k a month for up to ten years if you end up needing asst living, 24/7 home care, or nursing home? Live where you will have most friends your age and stay active! Make sure you have beneficiaries TOD on every single account you own from checking to retirement to investments. If you know where you’re going to be buried, go ahead and pre-pay for funeral. If you have someone you trust, get a joint checking account with them for 10 K or more if you have to have your body shipped to another state for burial so they can pay any bills or expenses after you pass and before the life insurance is paid and accounts are dispersed. Look carefully at your will and make sure the executor does not have to be in the same state you are. Look at probate cost, and pick your final place accordingly. Going through a nightmare right now because Mom inadvertently left off beneficiaries on her CDs. Enjoy the life you have and live every day to the fullest.
Last edited by Remembergoldenrule; 08-19-2025 at 08:36 AM.
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