To: JD86
I'm a single parent with two grown sons. I was advised to put the name of one of my children on the account. He wouldn't be listed on the account itself and his name wouldn't appear on the checks, but in case anything happens to me, he would have access to the funds and would be able to withdraw any monies in it.
6 posted on
12/06/2001 6:21:27 PM PST by
mass55th
To: mass55th; JD86
I think access to your address/phone number book is important. Friends that your children may not be aware of, but would need to be contacted.
To: mass55th
I'm a single parent with two grown sons. I was advised to put the name of one of my children on the account. He wouldn't be listed on the account itself and his name wouldn't appear on the checks, but in case anything happens to me, he would have access to the funds and would be able to withdraw any monies in it. Good advice. This is what my Mom did for me, I am on all of her accounts, and my name isn't listed on the checks. I did the same for her (put her on my account), and also listed my sister as a trustee of my accounts. That way, we have all bases covered in that avenue.
To: mass55th
I would suggest a power of Attorney in the event you are incapicated . Give him power to buy and sell stocks and even your home if money is needed for medical or otherwise. I fear incapacitation more than death. Be sure to consider a living will to tell them when to turn off the machines, I have seen older people and also young people who would not exist but or the man made machines, Doctors can't make decisions like that and there is greed that may influence keeping the machines on. Make sure all children are accounted for in the will. Don't let anyone be bitter when you are gone and can not do anything about it.
To: mass55th
I'm a single parent First of all, there is no such thing yet, but it IS being worked on, trust me.
To: mass55th
I'm a single parent with two grown sons. I was advised to put the name of one of my children on the account. He wouldn't be listed on the account itself and his name wouldn't appear on the checks, but in case anything happens to me, he would have access to the funds and would be able to withdraw any monies in it.This might be a good idea in your case. I don't know how large your estate is, and I don't know your sons. If the advice came from an attorney in your state, go with it. If it came from your neighbor who is a plumber....check with your attorney. There may be a better way to accomplish what you want to accomplish.
193 posted on
12/06/2001 9:01:28 PM PST by
JD86
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson