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For those of us without family - Who will take care of you ?
Aging Well | Last Active: Mar 18 10:44am | Replies (92)Comment receiving replies
If you have no one you are comfortable appointing as executor of your estate, you might wish to talk to your lawyer as they do step in to handle such things, for a fee of course. But before doing that you might want to ask your closest relatives if this is something they would be interested in doing as there is a percentage of the estate that is paid to the executor. You can also simplify end of life issues by bequeathing bank accounts or brokerage accounts to specific people. I think your best bet would be to talk to your estate lawyer about what options are available to you. I wish you good luck with all of this. I'm 79 and my husband is 82 so we know exactly what you are struggling with.
Donna
Replies to "If you have no one you are comfortable appointing as executor of your estate, you might..."
It is really not ethical for your attorney to be your executor. For the last 23 years before my retirement I worked for a probate/trust attorney. This is something she would never do. In my case, she prepared the trust for my husband and me. Everything we wanted was set out in the trust. Over the years some things change and she always advised her clients to go over their trust once a year to make sure it still met their needs. Now my husband is dead and I am the sole trustee. I have made some significant changes, but since she did it I know they are all ethical and within the law.
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Thanks you. I hadn’t thought of bequeathing bank accounts. That would make meeting immediate expenses much easier.