My parents are in the upper 70s, and my mother isn't in the best of health. Although my father is fine, if anything were to happen to him first or he became incapacitated, I'd have to take over my mother's finances. That is all understood, and we talk about money at least once a year.
At Christmas this year, my dad was asking if he should set up an irrevocable trust, to protect assets should my mother need a long nursing home stay. We decided against it, but at one point I looked at him and said "do you have a power of attorney for me, so I can access your accounts if needed?". He started working on that the next day. It was a good reminder that these things should be reviewed on a regular basis.
Thanks for the link.
Two roads diverged in a wood, and I - I took the one less travelled by...