October 21, 2021

The Legal Implications of Solo Aging

1 hour 1 minute

A live & interactive discussion that will dive into legal planning, challenges, and solutions for current and future solo agers! Co-hosted by Carol Marak, Author of Solo and Smart

Featuring: JOSHUA D. WINGER, Attorney Byrd & Byrd, Attorneys at Law

Questions answered in the discussion:

As a solo ager with no people to whom I want/need to leave money, but also no one to take care of me, the challenge is how to plan the spend down of my wealth. Ideally I would spend the last penny as I jump in my grave. Annuities have, in my view, lots of complications and restrictions and other problems.

Banks: What if you have $1 million but it is in real estate? Do banks require $1 million in liquid assets?

Steve, Please tell us the expeted duration of this Webinar.

If you have more than one back up successor, how do they make decisions if they disagree?

Please address options for those of us with no savings, assets (other than house with mortgage for 80% of house) or retirement beyond Social Security...

I have a health care agent plus a backup. If I add more, with sequencing, do I have to redo the document and must it be notarized?

So on safe desposit box you can name someone who can have access only if you die or are declared incompetent?

I have been told most banks will not accept my general power of attorney, but require their own forms. True?

Revocaable Trust, does a general statement that " I hereby put all of my property in my trust," does this title the property to the trust?Thank you so much

If you have already added your children to a bank account to handle things in an emergency situation should I try to undo that?

This is much more of a problem as we have shifted from defined benefit to defined cost pension plans.

Thank you!

What about a pour over willl to the trust?

What time is Medicaid Monday at Byrd and Byrd?

...more

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By Positive Aging Community - Steve Gurney

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