This post is a keeper and one that I will go back over in detail many times and send along to others. Here's my addition: Don't stop at providing your partner (or child or whoever is first up to provide support as you age) passwords and a letter of intent. Explain everything to your support person even if you have written it down for them AND periodically engage with them on your financial situation with details. Multiple times. Regular engagement over time is an opportunity to communicate updates and repetition increases your support person's knowledge base, comfort level, understanding of your intent and how to carry it out. If that person is not financially savvy because they don't have the time or inclination to learn, discuss with them potential supports they can use in your absence, temporary or permanent. I'm thankful that my husband and I have reviewed our portfolio quarterly for years-even more so after recently watching a friend whose husband died unexpectedly grapple with her finances.
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This post is a keeper and one that I will go back over in detail many times and send along to others. Here's my addition: Don't stop at providing your partner (or child or whoever is first up to provide support as you age) passwords and a letter of intent. Explain everything to your support person even if you have written it down for them AND periodically engage with them on your financial situation with details. Multiple times. Regular engagement over time is an opportunity to communicate updates and repetition increases your support person's knowledge base, comfort level, understanding of your intent and how to carry it out. If that person is not financially savvy because they don't have the time or inclination to learn, discuss with them potential supports they can use in your absence, temporary or permanent. I'm thankful that my husband and I have reviewed our portfolio quarterly for years-even more so after recently watching a friend whose husband died unexpectedly grapple with her finances.
Post: Simplify Everything
Link to comment from March 31, 2026