Agewell FAll 2017

If you need to access money, or
sell assets to provide care, how
will this happen? A Power of Attorney
is a very powerful form
that lets you nominate another
person to take control of your finances
when you cannot.
3) Will or Trust
Who will make sure all of your
belongings and assets go to the
right people or charity after you
die? A Will names a Personal
Representative. A Trust names
a Trustee who makes decisions
about how assets in the Trust
are handled. A Will can be very
simple and done by you if you
do not own a lot and are not
worried about family conflict. If
you have a lot of assets or complicated
family, a Will can be as
complicated as a Trust, which
really is easiest and safest to
have an attorney create.
Do Not Put These Documents
In A Safety Deposit Box
Without a court order, no one can
get them but you; even if you put
someone else’s name on the account,
it takes time. Electronic
copies or fireproof box are best.
Don’t stress if you don’t have all
of these documents. One step at
a time.
For right now, let’s get basic information.
On the next page is
a sheet you can cut out, fill in
the blanks, and stick on your
fridge. ----------------------->
Presto—chaos tamed.
You can take a picture and email
it to your friend who lives out of
state or mail a copy to your family
members!
It’s Quick and Painless – Just Do It!
A new(ish) Long Beach resident, Judith
is a licensed estate planning attorney in
Massachusetts. She is passionate about
Best Case Planning and likes to share it
with everyone!
14 AgeWell Long Beach | Fall 2017