I am helping a older gentleman whose wife died some years ago. He a daughter, and three grandchildren but mostly his three great-grandchildren. Unfortunately he has been the victim of fraud recently and has come to realize he less able to tell when someone is taking advantage of him. He still knows what he has, but admits he needs help to keep from being stolen from again.
He has a close relationship with and he trusts his daughter, so I proposed that we give her a Power of Attorney so she can help him manage his finances and healthcare, and that we make her a current co-trustee of his revocable trust. I made sure he understood that he would be giving up some freedom in his finances, in exchange for the security of not being taken. Since she will now be a co-signer for anything above small transactions, and especially for the important things like his house, he can go back to focusing on his family. Relax and live your life with the confidence of knowing you are protected. Create an Estate Plan with a Revocable Trust today and protect your family during times of need.
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