Reply to Would like to hear from late 50, 60-somethings with teens

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The most important thing if you are an older parent is to have your estate planning done in the event you or your spouse die while your children are minor or even young adults.  One thing we do not have is reliable family to take over in case DH and I pass away prematurely.  We have made a good friend legal guardian if it occurs before our kids (twins) reach adulthood.  They are in their first year of high school.  We plan to downsize when they graduate high school and start college.  We will put the next house in trust for them.  We have name them secondary beneficiaries, after DH and myself, on all accounts and life insurance policies.  Being older parents, we are concerned with leaving them without planning for the unexpected.[/quote]

I agree with this; however, my advice, from experience unfortunately, is to be ready regardless of how old you are. My husband and I started having kids at 22 and 18, respectively. Four kids total with the youngest being born at 24 for me and 29 for him. We thought we had plenty of years ahead of us to watch our kids grow older, produce grandkids, great grand's etc.. Unfortunately he passed away a few months ago at the young age of 44 from heart disease. I am 40 and young, but totally blown by the curveball life threw our way.[/quote]

I'm really sorry. That's tragic.[/quote]

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