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Eldercare
Reply to "What do you do when someone passes away and you are executor?"
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[quote=Anonymous]Use an attorney - the one who helped do the will can probably do everything you need. Put as much in a trust now as you possibly can. Streamline/cut down the number of accounts as much as possible. My mother died 3 years ago and I am STILL trying to close everything out. (She had more than 50 accounts between all of her various savings accounts, stocks, things held in joint name w/ grandchildren, etc...) If she were alive now I'd be yelling at her to start consolidating/closing accounts so there so many to deal with. Anyway, I digress because I can't believe I'm still in the weeds, but the attorney I have - and the staff they have for dealing w/ untangling messes - have been worth every penny. So smart of you to be planning now OP. Also, you didn't ask about this, but I tell all my friends to be sure they are on a joint account that has some money in it. If/when your parent is in the hospital or passes away and you need to be paying their bills, it will make life infinitely easier if you are on their account. And that doesn't have to be a conversation about death - just about "hey Mom, if you ended up in the hospital or rehab for some extended stay, how do I pay the bills until you're home"[/quote]
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