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Reply to "s/o do you have a death binder"
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[quote=Anonymous][quote=Anonymous]At what age is it reasonable to ask parents to do this? Mine are in their late 60s and have been dragging their feet on putting any information together for us.[/quote] Any age really Had friend who recently had major medical event, only 50, and it was a month of not knowing if they would Make it, and if they did would they even have the mental capabilities to be 90% of themself (they got lucky and it will be 100% mental and physical but it was a long month). Their spouse had no access to any account other than their main bank account. None of the savings/investments/etc. Couldn't pay the large tax bill or other bills simply because they couldn't access the money. Had they had even the logins they could have transferred the money. Instead it was another stressor they did NOT need in their life at that time. So that reminded me that everyone needs to have a "death binder" with full access for the other partner/adult kids/etc. [/quote]
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