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We chose this route to avoid family conflict and to ensure that OUR WISHES we honored.
You can go to www.nelf.org and find a certified elder law attorney near you.
As she states a bank can act as the Fiduciary as could the lawyer.
If you have a trusted friend that would work as well.
Do you have someone that will act on your behalf for Medical decisions?
A POA for Finances as well as Health is something to also consider.
I am a visionary so it helps that I can see what it may look like down the road to feel comfortable with it. I do agree I’m a little young to be concerned but understanding the dynamics of this relationship I want to be sure I have it in the forefront as I begin to plan in the next five years on how I’m moving forward.
I have had all of my EOL documents prepared since my mid 30s. I think every should be prepared for the worse case scenario.
The answer to your question is that you would need a Trust drawn up, and that when the time comes you should have a licensed fiduciary to handle your finances. This person is required by law to act for you in helping any needs you may have. Paying bills and investing monies are only two. Often your Bank can give you good suggestions on where to look.
There are many people without family who require this help. My bro's best friend has had a fiduciary for many years now. They are paid for their work our of your own finances.
But for many years you should be able to manage on your own, considering where best to live in terms of stairs, the amount of space you wish to clean. There are good independent living facilities in many areas. Form friendships with those who have common joy in whatever you yourself enjoy. Friends are a great resource, because often enough when one is strong the other could use a bit of help and vice-versa. Good luck.