My 92-year-old blind father has raised a fair question, what if I go first? I've seen his bloodwork, it's better than mine, and I am facing a health issue that could turn serious.
The concern he has is who would manage his mail (obsession) and finances? I've recommended a cousin to sort it out, particularly my stuff, but I think he's right in looking for a 3rd party in case I did go first.
Any suggestions on this kind of thing. I know there must be financial services that will do it, it's just that financial services are a hive of scum and villainy so we must be cautious.
Thanks in advance.
Idk if my mom has a backup plan if I get sick, hurt, or worse.
New plan: to outlive them all.
Having an elder care lawyer involved is probably the best advice.
Hope everything turns out okay with regard to your health and you get through your caregiving ordeal so that you can enjoy life on the other side of it.
you can also google Silver Bills.
Consult an attorney first.
Fiduciaries are mandated by law to do what is required (I was one)
Gena / Touch Matters
For handling his daily mail, have a trusted friend or relative do that. They can sort bills, junk, and personal items. The bills should be delivered weekly to an accountant.
If you have an accountant that you use for taxes, consider giving him/her financial POA to manage monthly bills. This will also make doing your taxes easier, since they will then already have a spreadsheet of all expenditures.
A quarterly report can be mailed to the friend/family member by the accountant so that they will be able to ensure that everything is accurate.
This person could even take over for you if you are ill. Also consult with an elder law attorney. When I traveled out of the country, I appointed someone as fiduciary for my LO
I set up a "Special Needs Trust" so that my assets would or could only be used for his care. (I know he would have been placed in a MC facility as there is no way family (s-daughter) would have been able to care for him at home she works and has her own family to consider. and s-son lives out of state)
A Geriatric Care manager would be able to much of what you are looking to have done. But your GCM should have someone to report to I would hope that someone would be your dad's POA.
Please take care of yourself.
Look into resources for your dad, perhaps speak to his doctor or a hospital social worker for suggestions.
Then start to make plans for caring for your own needs.
Best wishes to you and your father.
How about you get dad placed NOW in AL so all his 'worries' about you going first can be put to rest, knowing others will be there to take care of him?
Looks like exactly what we're after.