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Avoiding Probate with a Payable on Death Account
Among the ways to avoid the costs and inconveniences associated with probate include setting up a “payable on death” (POD) bank account. These are also known as “Totten Trusts” A Totten trust (also referred to as a "Payable on Death" account) is a form of trust in the United States in which one party (the settlor of the trust) places money in a bank account or security with instructions that upon the settlor's death, whatever is in that account will pass to a named beneficiary. For example, a Totten trust arises when a bank account is titled in the form "[depositor], in trust for [beneficiary]".can be opened at most banks, brokerage houses, credit unions, and other financial institutions. ">Continued ...
Durable Power of Attorney for Health Care Form
Financial Toll of Being a Caregiver
Caregivers, on average, spend more than $5,500 per year in out-of-pocket expenses. Out-of-pocket expenses for Long-distance caregivers can exceed more than $8,700 per year for incidentals such as transportation, food and supplies. ">Continued
Don't Die without a Will - It Can Cost You Big Time
With all the free and inexpensive resources available to create a Will why do so many refuse to do so? It may be one of the best gifts you can give to yourself and loved ones. They can ensure that all your bases are covered and that your Will and Estate plans are properly completed.
Depression Rates Higher For Caregivers
A conservative estimate reports that 20% of family caregivers suffer from depression, twice the rate of the general population.
How to Prepare for the Death of a Loved One
Coping with death is never easy to do, and no matter how much you prepare, it's always a very emotional and sad time. To help you prepare for your loss, here are some tips. ">Continued
Here's a Novel Thought - How About Thanking the Caregiver Rather Than Criticizing
The vast majority of caregivers put there own lives on hold to assist loved ones without asking for, or receiving a simple thank you.
It inevitably happens that those folks who offer the most advice and criticism to the caregiver are those they don't raise a hand to help out.
To all the family members who sit idly by and do nothing to help there elderly parents when they reach the golden years: Either help out, or keep your opinion to yourself! ">Continued
How to Complete a Living Will
What is an Advance Directive?
As you approach those final weeks or days or hours of your life, what are your wishes about aspects such as keeping you alive on machines or jump-starting your heart so it won't stop? Do you wish to have a respirator breath for you? Or do you want to be fed through a tube threaded down your throat to your stomach? Continued
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