We haven't finished Level 4 yet, because we're still taking our home inventory; but I didn't want to lose momentum (either in writing or in the My Money, My Choices process); so I'm going to start working through Level 5.
Activity 1, is to make a will.
Oi! I knew this was coming, but I'm not sure I was ready for it just yet.
Activity 2 is to name a financial power of attorney, and Activity 3 is to name a personal care power of attorney.
I guess we need a laywer.
7/04/2014
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I've been thinking about this a lot lately. We are common-law, and have been for many years, without a wedding in sight. I really thought we were a little bit more insulated from the issues of common-law being drastically different than married (like in the States)... turns out we're not. So this has been on my list for awhile, but it keeps getting pushed. I really should call a lawyer as well.
ReplyDeleteAfter working as a Social Worker in various wards such as Neurology and Neurosurgery, Stroke and Dementia Units, I've seen the impact of not having an Enduring Power of Attorney (as we call it in Australia) or a will. This can impact on someone of any age. I've seen young men in their 20s suffer a brain injury and their young partner's are unable to access and financial support in the fast manner which is needed in that sort of situation. It scared the hell out of me, so I've had an Enduring Power of Attorney since I was about 23 so that if I am ever in a situation where i am unable to make a decision for myself, my partner and family will have the ability to manage my finances and make important decisions for me. Having our Wills drawn up gives peace of mind that our families won't have to go through a much more scary and formal ordeal in order to settle our estate. Good on you for looking into this!
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