I Am Staring Death In The Face (Page 1/1)
cliffw OCT 06, 05:57 AM
I am fine. No worries.

I am 64 years young. I have planned for many things, but not death.

Call me clueless.

What do I need to plan for ? An easy choice is a will but wait friends. There are more concerns than that.

Where do I want to be buried or is cremation better (of which the ashes can be buried) ?

Have I prepared a instructional guide for all of my survivors to know passwords, the entities which I would want them to know about ? The reason I ask is because the wife and I are starting to prepare for the inevitable.

We should have done our planning sooner. Death comes at any age.

I hope my thread will be beneficial to everyone.

Thanks !
maryjane OCT 06, 09:02 AM
There's only 1 death plan that really matters (the most).


olejoedad OCT 06, 09:11 AM
The first, and most important thing is to make a Will, naming me as the Trustee of your estate and only beneficiary.
Patrick OCT 06, 07:37 PM

My best advice is to name a much younger person as the executor of your will. Back in the 1980's, I named my best buddy as my executor. Unfortunately, he died 15 years ago at the relatively young age of 53.
fredtoast OCT 07, 10:11 AM
Great idea to make these plans now, but remember that it is just as important to plan for incapacity as death.

In fact incapacity can actually be more complicated to deal with than death.

[This message has been edited by fredtoast (edited 10-07-2023).]

Zeb OCT 08, 02:28 PM
Put your assets in your kid's names NOW. In the (hopefully unlikely) event you run out of money, and have to go on MediCare, they will make you liquidate those assets.

I went through that with my Mom just a few years ago. She was smart enough to have her house transferred to my name before she had to go into a nursing home. Seven years of that drained all her cash. When Medicare looked back five years, she had transferred the house to me before that. I had to sell it to cover a year or so of the nursing home expenses before Medicare kicked in to cover.

So, if you have kids, and want to be sure you leave them something, do it now. I know most of you here are saying "I'd never depend on the government for anything." But end-of-life care is EXPENSIVE whether you like it or not. You may not have a choice, so, like cliffw is saying, make plans NOW. It's complicated, can be expensive, and you may not be able to make those decisions later. Your kids will thank you.

And as maryjane says:


quote
Originally posted by maryjane:

There's only 1 death plan that really matters (the most).




I'm subscribed to that plan.
ls3mach OCT 10, 07:52 AM

quote
Originally posted by Zeb:

Put your assets in your kid's names NOW. In the (hopefully unlikely) event you run out of money, and have to go on MediCare, they will make you liquidate those assets.

I went through that with my Mom just a few years ago. She was smart enough to have her house transferred to my name before she had to go into a nursing home. Seven years of that drained all her cash. When Medicare looked back five years, she had transferred the house to me before that. I had to sell it to cover a year or so of the nursing home expenses before Medicare kicked in to cover.

So, if you have kids, and want to be sure you leave them something, do it now. I know most of you here are saying "I'd never depend on the government for anything." But end-of-life care is EXPENSIVE whether you like it or not. You may not have a choice, so, like cliffw is saying, make plans NOW. It's complicated, can be expensive, and you may not be able to make those decisions later. Your kids will thank you.

And as maryjane says:


I'm subscribed to that plan.



Would a trust not have been an option and possibly better?
End of life cost can be drastically more expensive that people realize. I am hearing 45k a year or more for assisted living. yearly. I hope to not put myself in government hands myself, but sometimes things get out or our control.

Cliff, I like Dave Ramsey myself. I doubt he is the end all be all on this matter, but maybe give you a place to start.

Don't die on us!
fierofool OCT 10, 12:26 PM
My wife and I did our planning with Legal Zoom. The service is a do it yourself package with practically every form you will want.

If you want to be cremated, you can still be buried. My twin brothers will be buried in a two compartment cremation vault in the same plot. The size is 15" x 8" x 6.25".
Much cheaper than a conventional burial since there's no big metal vault and they're only buried a few feet below ground. This is what I bought for them. One brother has already passed and instead of the large plaque, they have a small plaque that mounts on the top of each section. When one of you passes, ashes can be kept until the other passes, then both can be buried in one ceremony. https://perfectmemorials.co...rn-vault-p-1764.html

As far as passwords for your accounts, anything saved on a Windows platform is available by clicking the 3 dots at the right top of your screen then settings, then on the left side, Autofill and Passwords. I have all mine printed out and in my Legal Zoom portfolio with advance directives, will, etc. What's not saved on the PC is printed in a Word document and included.
82-T/A [At Work] OCT 12, 08:01 AM

quote
Originally posted by maryjane:

There's only 1 death plan that really matters (the most).





Amen.