Excellent article. In the last 14 months, my mother-in-law, mother, and father died. As the person who was responsible for their finances, and in the case of my parents, their care too, I’ve been living with the issues in this week’s article. Jonathan brings up very real issues here. I couldn’t agree more with the need for simplicity. After my parental experience, I am also assuming I will lose my cognitive skills along the way. Having a contingency plan for when you lose your marbles is essential. Identifying a financial advisor or financially competent child who can step in to protect you when that happens is a wise move.
Comments
Excellent article. In the last 14 months, my mother-in-law, mother, and father died. As the person who was responsible for their finances, and in the case of my parents, their care too, I’ve been living with the issues in this week’s article. Jonathan brings up very real issues here. I couldn’t agree more with the need for simplicity. After my parental experience, I am also assuming I will lose my cognitive skills along the way. Having a contingency plan for when you lose your marbles is essential. Identifying a financial advisor or financially competent child who can step in to protect you when that happens is a wise move.
Post: Built for Ease
Link to comment from May 1, 2021