SteveL
Recycles dryer sheets
- Joined
- Aug 1, 2005
- Messages
- 380
I tried a couple of searches but didn't find anything on point, so I'd like to see if anyone has any ideas I haven't thought about.
My DW is not only totally ignorant about all things financial, she is totally uninterested in changing this situation. As long as I remain above the grass, this isn't a problem. I manage our finances, investments, do the taxes, etc. etc. etc. Every time I bring stuff up, within five minutes the eyes glaze over.....
I pay the bills via on-line banking, and use an on-line brokerage.
The problem, is that if I die first, what is she going to do about all this financial stuff. I've got a file of stuff for her. I've got lists of stuff etc.
She can't use quicken. She isn't familiar with the on-line banking or brokerage accounts and processes. She uses a computer to do email and surf, but doesn't understand how they work in any material way. There is no way she could do the taxes, or perhaps even get the stuff together to go to a tax person. (Each year when I do the return, I review it with her so she sees it, but it doesn't stick.)
I have an hourly adviser I see once a year or so, and he has given me a list of advisers who manage money, some of whom do taxes. But, just the transitions might be a challenge for her.
There are a couple of trust companies that some friends use, and I could direct her to go to one of them.
If I had a dread disease, I could perhaps set this up in advance.
I'm not interested in making this kind of change unless really needed because it would cost a lot to have others do what I am doing for free.
Either of my sons could help, but they are not local, and both have careers that keep them hopping.
I can't be the only person in this situation.
My DW is not only totally ignorant about all things financial, she is totally uninterested in changing this situation. As long as I remain above the grass, this isn't a problem. I manage our finances, investments, do the taxes, etc. etc. etc. Every time I bring stuff up, within five minutes the eyes glaze over.....
I pay the bills via on-line banking, and use an on-line brokerage.
The problem, is that if I die first, what is she going to do about all this financial stuff. I've got a file of stuff for her. I've got lists of stuff etc.
She can't use quicken. She isn't familiar with the on-line banking or brokerage accounts and processes. She uses a computer to do email and surf, but doesn't understand how they work in any material way. There is no way she could do the taxes, or perhaps even get the stuff together to go to a tax person. (Each year when I do the return, I review it with her so she sees it, but it doesn't stick.)
I have an hourly adviser I see once a year or so, and he has given me a list of advisers who manage money, some of whom do taxes. But, just the transitions might be a challenge for her.
There are a couple of trust companies that some friends use, and I could direct her to go to one of them.
If I had a dread disease, I could perhaps set this up in advance.
I'm not interested in making this kind of change unless really needed because it would cost a lot to have others do what I am doing for free.
Either of my sons could help, but they are not local, and both have careers that keep them hopping.
I can't be the only person in this situation.