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Eldercare
Reply to "Parents rapidly declining"
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[quote=Anonymous]I know you mean emotionally, but I want to get all their financial ducks in a row. My Dad was on top of things, but even he made some mistakes that have made dealing with his estate a pain in the a$&. Make sure they have all their bank accounts have you as beneficiary or rolled into a trust. Know all the life insurance policies they have. Talk with a lawyer about estate planning. My Dad had slight more than $25,000 in a bank account and now I have to deal with probate courts. If I had known about VA law better, I could’ve transferred that little amount into another account and it would’ve rolled directly to me (I’m the only beneficiary) without having to deal with probate. [/quote]
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