We both have our faith that controls our possessions. However, our fortunes are very different, although our working incomes were about the same.
Part of Pat’s fortune comes from a substantial inheritance, and Pat believes that those funds are family money and should be passed down through the generations.
Leslie believes this is smart family planning. Leslie has invested a considerable amount in the education of the offspring. Pat agrees that this is also smart family planning.
We were discussing travel and a proposal was made that travel expenses should be shared in proportion to wealth.
A similar proposal was made for medical expenses, as one of us has much higher medical expenses.
We look to your wise counsel if these are good and fair propositions.
Pat and Leslie: Please come to my house and fix my life.
Your decisions and asset allocation seem right (to me), and if it works for you, then go for it!
Your financial plan for life seems solid and responsible. But sometimes you have to color outside the lines, because life has a way of messing up even the smallest of plans.
You are extremely good at decision making, distribution and sharing. My one suggestion for you to consider would be to find ways to share more.
A somewhat radical idea would be for you to consider taking advantage of the hot housing market, sell your two homes, and look for a home together that will be suitable in design and location for you to age comfortably in. place. Together.
You can use the profit from the sales to fund a joint account to be used for travel and medical expenses – as needed.
Dear Amy: The following happened three times this month to people I know!
Here’s the story: Someone died without a will, leaving their loved ones to deal with the aftermath.
My friends struggle to access bank accounts to pay for funeral expenses, break into apartments to clean things, deal with funeral homes, access email accounts so they can notify relatives, and loved ones for sudden departure and difficulty tracking veterans Benefits and mortgages and leases and insurance policies.
Disputes over inheritances will occur next. Meanwhile, there is disagreement over who will serve as executor.
It would have been so simple for these now departed souls to make a few adjustments before the inevitable day came.
Passwords, bank details, powers of attorney, car titles and all other legal documents – these can be kept discreetly hidden, with an “in case of emergency” note prominently displayed somewhere in the home.
Copies of all items in your wallet, such as licenses and credit cards (front and back) should also be there.
Banks are quick to freeze accounts. Merging them can be difficult without the proper documents.
Please use your platform to explain in your own inimitable way that no one gets out of here alive and it’s kind to make one’s wishes official and one’s dealings transparent – instead of burdening those who love you with cleaning up your affairs while they are grieving.
Worried: “No one gets out of here alive.” This is as inimitable as it gets.
Thank you so much for this important tip. I hope your message reaches many people, inspiring them to take these steps for the sake of those they will leave behind.
Dear Amy: I had to answer the letter from “Satisfiedwho had endured 10 Thanksgivings with his sister’s bickering in-laws.
I had the best Thanksgiving ever last year. After a terrible Easter with so many changes and unnecessary requests, I said no more, at least for a while.
I booked a flight and hotel and left town for Thanksgiving. I decided that just one turkey sandwich was better than another mess. It was the best decision.
As a result, Christmas was wonderful. Sometimes you can solve a problem by not being part of it.
C: Breathing can be good for everyone.
©2022 by Amy Dickinson distributed by Tribune Content Agency