Personal Development for Smart People Forums - View Single Post - How to protect assets in case I get dementia

joanmhe · 11-07-2009, 04:37 PM

Hi,
Thank you for the responses, and the thoughts.
Some very good ideas here. I will definitely get the book and of course would involve a lawyer. I'm not wealthy, but have saved with the idea of retiring early (or down-sizing).

I may try to use the 2 signature account with my mother's accounts that have the bulk of her savings (if I can get her to agree to that), and that's a great idea for the future for myself.

Hopefully my daughter will be someone who can handle the responsibility for looking after my finances. Having to pay a financial institution would be the second alternative, though it is pretty expensive.

I know I will need a lawyer to set things up - just getting some ideas from the smart people on this forum.
Thanks again!

11-07-2009, 04:37 PM	#9 (permalink)
joanmhe Member Join Date: Nov 2006 Location: West of Boson MA Posts: 65	Hi, Thank you for the responses, and the thoughts. Some very good ideas here. I will definitely get the book and of course would involve a lawyer. I'm not wealthy, but have saved with the idea of retiring early (or down-sizing). I may try to use the 2 signature account with my mother's accounts that have the bulk of her savings (if I can get her to agree to that), and that's a great idea for the future for myself. Hopefully my daughter will be someone who can handle the responsibility for looking after my finances. Having to pay a financial institution would be the second alternative, though it is pretty expensive. I know I will need a lawyer to set things up - just getting some ideas from the smart people on this forum. Thanks again!