I’ve come across a couple of tools that might be helpful to clients who are interested in implementing a Family Contingency Plan that I wanted to share: Letter of Instructions to My Family: This is a form you can use to create a long list of things that are...
Part III: Implementing the Family Contingency Plan In Part I, I described the problems that people face after the Family CEO dies. In Part II, I suggested creating a family contingency plan to help prepare for the loss of the Family CEO, and concluded with an...
Part II: What to Do About It! In Part I of this 3 part series, I described the problems that people commonly experience after the “Family CEO” dies. Now I want to share some ideas to help prepare for that event. After watching my dad struggle to figure out how to...
Part I: The Problem In the years I have been doing estate planning, I have observed with almost every couple that one of them has taken the lead with paying the bills, handling bank and utility accounts and, in general, managing the family’s financial, legal,...
When I came home today, I picked up my October issue of the AARP Bulletin, in which I found an article entitled Money and Memory: A Coming Crisis. (Note that the on-line version substitutes the word “Concern” for “Crisis”. I think the print version got it right!) ...
With cases of financial exploitation of the elderly on the rise, advisors who work with older clients are looking for ways to head off the abuse before it happens. Enter the “Emergency Contact Authorization Form,” a document in which clients can list a trusted person...
