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Eldercare
Reply to "How to convince my mom to make a will?"
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[quote=Anonymous]I actually don't think I would worry too much about the will. You would go through probate and the courts would decide how to divide things up. Probably 50/50. And it depends on the types of assets. If she has retirement accounts, they probably have named beneficiaries, which don't need to go through probate. The bigger concern is if she becomes incompetent. Someone should have Power of Attorney to make decisions and pay bills if she is unable to. My dad had a sudden unset of dementia and I had to step in to make medical and financial decisions. Luckily he had all of the paperwork done and I was easily able to do those things. [/quote]
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