My hoarding aunt had a hard time envisioning she would depart this world without all her stuff. She made no bones about it…’I’m taking it with me’. It took numerous discussions to finally convince her to do the unthinkable: complete her Advanced Directives for Health Care and decide who would make decisions for her re her health if she were incapacitated; set up a Power of Attorney for her immediate financial matters while alive; and create a Living Trust (as opposed to a will) and decide who in her life would receive what.
This took months and month to complete and in the end, she sat with her attorney alone and went over every item and signed the solid line. As her life played out, all these important decisions came into action and I had to execute them as her representative/trustee.
Today, I met with her attorney and we went over our shared responsibilities and my tasks in the months ahead. The whole process will take about four more months assuming the flow of paperwork doesn’t stall. Letters are going out re the winners and the losers. Eek!
A suggestion that may or may not be of value because my Auntie had trouble visualizing something if it wasn’t on paper, before her: I took a clean sheet of paper each session while discussing her beneficiaries and dated it. I wrote each potential name down. She would discuss and anguish over the names, but we did this many times until the who’s and %’s were established. It changed and changed, but patterns emerged of whom was never in the mix and that could be important later. I have all those papers and the attorney has copies of them as well. The decisions may be simple and equal. But, in my aunt’s case she was very thoughtful at revisiting her decisions until the pattern emerged and it was evident what she wanted.
So, her final taxes have to be prepared. I am assembling the year end doc’s that are necessary. I have to determine her worth on the date of her death. I have to remember that she lived a little over a month in this year and see if taxes are owed for 2012. Holding accounts for the trust have to be created different than their current buckets.
The weather doesn’t look great for the weekend, but probably going to order a drop box and work the kinks out. There is a fair amount of already bagged stuff in the house from last Summer that was loaded and then the bottom fell out with my aunt breaking her neck and her going home with that burden plus emerging mess seem no longer feasible. We left everything where it was and just maintained the home. Now, the rest of the year will be parted out in spans of attack. As I have said, remind me I said we would go slow.