jonat
Recycles dryer sheets
DW and I are 65 and 62, respectively. DW is concerned, with good reason, that she may become incapable of managing her life due to dementia, which runs in her family, should something happen to me. We have no family nor close friends who could (or we would want to) step in and help. DW is convinced she will die first, but worries about what happens if I'm hit by a bus or some other accident occurs.
For our wills, we named the lawyer's office as executor, but we're more concerned about what happens if one of us is gone and the other can't manage affairs. We did meet the other day with our FC at Fidelity and a Fidelity lawyer who educated us on their trust services. This would solve a large part of the problem as, in the case we're worried about, they would pay our bills and "keep the lights on". But there's more to life than that and while using a trustee (with a revocable trust) helps a lot, we're unsure what other resources we can make use of.
I'd appreciate people's thoughts on this, especially if you have experience with the issue.
For our wills, we named the lawyer's office as executor, but we're more concerned about what happens if one of us is gone and the other can't manage affairs. We did meet the other day with our FC at Fidelity and a Fidelity lawyer who educated us on their trust services. This would solve a large part of the problem as, in the case we're worried about, they would pay our bills and "keep the lights on". But there's more to life than that and while using a trustee (with a revocable trust) helps a lot, we're unsure what other resources we can make use of.
I'd appreciate people's thoughts on this, especially if you have experience with the issue.