In keeping with this whole national hyperattention to aging, My Guy and I met with an elder lawyer on Friday. First of all, I feel in no way qualified to count myself in the ranks of elders, but there we are.
In receiving a listing of residents at
our condo association in Florida, we had discovered that several of our
neighbors’ homes were listed not under their own names, but as overseen by
so-and-so trust. Was this something we should be doing?
At this point in life, thoughts turn defensive:
If/when we lose our
marbles or mobility, how to pay for a nursing home without the other partner
having to sell up the homestead?
If/when we go to that big
Senior Center in the sky, how do we save the next generation from losing their
inheritance to taxes and/or losing their own sanity trying to untangle a
financial maze?
Two mind-numbing hours later with the very nice lawyer of revocable
vs irrevocable, living wills, executers, and terms like ‘per stirpes’, and I
think we’re organized. We had written wills years ago and did much of this
before, but My Guy’s health proxy disappeared when his last doctor died (no
irony there) and three more grandchildren are on the scene now.
In keeping with Friday’s theme of planning
for elderhood, today I slapped on my gardening sneakers, grabbed my shovel, and was
outside to work while there was still some cool to the morning.
My bush men may have carted off the
three holly goliaths last week, but that meant there was room to fill in the
side bed. The goal was to put in something that didn’t require trimming or frankly
much care at all.
I opted for Knockout roses. They’re
really more shrub than rose bush and will bloom into the fall. Judging by the
way the condo landscape guys ruthlessly buzz the ones they monitor, Knockouts
also seem impervious to rough handling. I also added a couple of zebra grasses
for background interest.
Although it could use a few more
grasses. . . .
Hmmm, we just updated our trust. I "think" the trust owns our home? Should probably check - ugh, all those pages!
ReplyDeleteOh, nice! And glad you took it easy. I love those kneeling benches.
ReplyDeleteThat was about a month's worth of work.
ReplyDeleteGood information is hard to find for elder issues. It takes a lot of work.
ReplyDeleteWell done - on both fronts.
ReplyDeleteI have very little to leave anybody, so I'm not overly worried. When I get older, maybe over 80, I will ask my kids to come and help themselves to things like books and dvds, anything ornamental they might want, kitchenware that I no longer use etc. I can leave one daughter in charge of any money in my bank account knowing she will share it out evenly even if there is only $20.
ReplyDeleteThe roses are looking good! I should put down some landscape fabric here.
ReplyDeleteMy mom had an irrevocable (I think?) trust, of which my brother and I were beneficiaries. Dave and I are thinking of setting up something similar for us, but we haven't done it yet.
Now you have me thinking about wills and trusts! Thank you, I need to do these things.
ReplyDelete