Hello.. This is my 1st post! I'm 54 and my parents are mid 80's and live alone. Father has say level 3 dementia out of 5 and just released from the hospital for blood clots in lungs. He's doing fine but didn't understand why he was there fully. Mom is a lot better and watches after him, for now. She has no health problems besides some arthritis and her memory is still good. BUT can't make big decisions on a will/trust. (or always wanted to remodel there house built in the 70's .haha) She's always had problems though with big life decisions , because my father did everything dealing with there finances, house, etc. She was a homemaker and raised my brother and I. They have been big savers all there lives but tough getting them to spend some and enjoy it, at this point. Though they lived well. They have a couple million saved in the house, bonds, stocks, no debts, and they live in Florida. How can I convince her its time to get a will/ trust set up? She keeps dragging her feet, though is open to it, just overwhelmed about it. Its just my brother and I including in the will/ trust (maybe 5% going to a niece of hers and brother)and we have no family problems or disputes among us. I assume if my father passes, everything will automatically go to my mother, without problems,as her name is also on everything ? But regardless, I assume there are tax implications , etc regarding a will/trust that would be costly if not dealt with. Any advice? Thank you!
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