Kelly Corrigan Wonders Go To on Aging Parents, Essential Documents and Peace of Mind
8 snips
Jan 24, 2025 Explore the essential legal and financial documents needed for aging parents, including healthcare powers of attorney and wills. Hear personal stories that emphasize the importance of proper estate planning. Delve into the sensitive conversations around housing options, weighing preferences against safety concerns. Discover the complexities of choosing the right living arrangements, from Continuing Care Retirement Communities to assisted living, highlighting family dynamics in these crucial decisions.
AI Snips
Chapters
Transcript
Episode notes
Estate Planning for Young Adults
- Create an estate plan as early as age 18, regardless of wealth.
- This plan should include a healthcare power of attorney, financial power of attorney, and a will.
The Importance of a Lawyer-Made Will
- Kelly Corrigan shares a story about her mother's will situation.
- Her mother had a will made with her sister, not a lawyer, emphasizing the importance of legal counsel.
Will Validity
- Ensure your will is original, updated, and valid in your state of residence.
- States have different inheritance laws, so an outdated will may not reflect your wishes.