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Eldercare
Reply to "Elderly Parent: Estate Planning"
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[quote=Anonymous]Hi All! Here's my question: My mom is in her 80s and I have POA over her medical and financial. I've already been managing all of her medical and bills (aka life). I'm drafting a will and plan to have it notarized - all with her consent and the consent of my siblings. It's evenly splitting everything between me and my siblings. I've been doing all of this without legal counsel, but it's been simple enough. She owns two properties and has some modest life savings. No investments otherwise. She has a pension. I've already shared the financial POA with her bank and pension fund. Anything that sounds alarming from what I've reported so far? I'm trying to do all this without breaking the bank aka my personal finances since my mom is cheap and won't pay for any of this. We aren't The Kennedy family or anything, so not too worried about any future lawsuits here. Thoughts? Any potential pitfalls? [/quote]
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