Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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Last chance
First off I applaud you for actually thinking about this.
The most important thing among others is to print off a spreadsheet every month and keep it by the computer showing all the bills that were paid or need to be paid every month. I happen to have three children in their mid thirties and forties, that I have updated occasionally with the spreadsheet showing bills. Please note there are some bills you only pay once a year or every 6 months like the homeowners, the auto insurance, golf cart insurance and of course your taxes for your house. If you use Chrome on your computer, then chrome does keep usernames, !!! ( Only if autofillnis turned on), there should be a copy of your username and your password on your computer, yes believe it or not it's there in settings and then auto fill. Of course you must save your username and your Chrome password somewhere easy to find on your computer monitor as an example . So hopefully a relative or good friend or trustee can easily find it. Some of the other things you should be doing is making a folder called after I die and keeping it somewhere in your house like your master bedroom closet they should include, things like your social security number, your birth certificate, all of the car registrations, and a complete list of assets and liabilities and where they can be found. I have known friends that don't tell their wives or husbands everything just because they don't want them thinking about it. Whether this is right or wrong doesn't matter but you do owe your spouse the ability to go on with life after you. I'm sure I feel left out a few things but you should also have of course your last will and testament a copy in your home as well as at a lawyers or Bank and the living will or a living trust. And actually at least once a month you should discuss your personal finances for the month and what the bills were just so they understand what's coming in and what's going out and don't be derogatory about that really expensive dress she bought. |
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#17
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Advisor
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#18
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#19
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I’m in the same boat, my wife is a texting queen but computers….
As a few said here already is setup a trust with a professional. They will guide you and your wife. Setup a executor, in my oldest daughter, who knows what to do. I even scanned all the trust info I was given and put it on a thumb drive for each of my kids to have. |
#20
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Death notes
In addition to a trust I have in NOTES on my device all passwords and how everything is controlled - need a password to get into my device and another different password to get into notes - that info is emailed to my trustee whenever anything changes plus trustee has passwords to access NOTES.
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#21
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Understand autopay
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Janis Creason Dauphin County Treasurer |
#22
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Purchase a Box | Nokbox |
#23
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Bill pay online, I don't trust the mail, wife used to do the bills, but I do them now, gives her more time to go shopping....and make more bills....LOL
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#24
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#25
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#26
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Credit card note
Here’s something important to check. My husband passed away this year and I found this out the hard way. The main credit card we had used for years and years for everything including all subscriptions that auto charged was NOT a joint account. Apparently when he opened it, not thinking, he put it in his name with me as an approved user. When I called the bank a couple of months after he passed to let them know of his death and change the account to my name only, they immediately cancelled the account. Immediately. That moment. I lost all the reward points that I intended to use for travel back for his memorial. I am still fighting this fight and will likely need a lawyer. So please, please check your credit cards and make sure they are JOINT accounts. Pls do it today.
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#27
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Ohiobuckeye
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#28
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You have had some great advice. My question is whether you have a plan if you become incapacitated? Your wife could face these same challenges while you are still alive.
My mom took care of all of the finances. When she was diagnosed with Alzheimer's, but before she lost her ability to completely reason, I made sure that my parents visited an attorney/estate planner. Both of my parents executed a Power of Attorney, naming me as POA. I didn't need to use it for ten years, but having it was SO helpful and saved multiple headaches. Truthfully, it was invaluable - and I'm an attorney. My suggestion would be that you and your wife do the same. If you have a child you trust, giving him/her the ability will significantly help them in the future. |
#29
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Lianne L. Migiano |
#30
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You might want to leave instructions on home maintenance.
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Closed Thread |
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