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Author Topic: Personal Disaster Planning  (Read 2824 times)

dennis

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on: September 03, 2011, 10:54:31 AM
What if something unexpected happened to you - health wise or wealth wise? How would you, or your family,  be able to cope?

I came across this valuable Video through one of my contacts - well worth your while to watch it. I just have your well-being at heart :flowers:

Personal Disaster and Succession Planning

« Last Edit: March 23, 2012, 11:04:35 AM by dennis »
You are what you THINK about - Napoleon Hill


Kelley

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Reply #1 on: September 03, 2011, 02:42:05 PM
Thank you for caring enough to share this Dennis. :hug:
Kelley


Val

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Reply #2 on: September 04, 2011, 04:30:17 AM
 :clap: This is one of those things nobody wants to think about. We made sure everything was in place before we set off sailing. We have seen and heard of some very sad instances since we have left, where the 'nothing is going to happen to me' syndrome has taken its victims and unfortunately their spouse, family etc.
I truly appreciate the reminder to take another look and make any necessary changes. Thanks for that Dennis, your footprints you leave behind are creating a very impressive path to follow.
With much love and respect,
Val
Cheers, Val

”Creativity is allowing yourselves to make mistakes. Work on knowing which ones to keep!”

- Alvaro Castagnet


liz

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Reply #3 on: September 04, 2011, 02:47:00 PM
Those of us who are seniors should be diligent to get our affairs in order.  When my mom died unexpectedly 22 years ago, she left everything 'as is'.  My dad already being senile, was no help with all the things we had to do.  The biggest thing I learned was to get power of attorney right away and then get a funeral plan for my dad, work out all the details of his memorial, etc. to avoid going through the lack of preparedness with Mom.  It is advisable to get legal advice because TODAY even with a power of attorney one cannot access a parent's or sibling's account without being a joint tenant on that account.  My elderly friend's brother had to pay upfront for his sister's hospital and funeral expenses until after her death when he became the executor and beneficiary of her estate.

Thanks Dennis, for passing such vital information to us to remind us to leave a legacy of having lived as responsible individuals.


NHC50

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Reply #4 on: March 22, 2012, 02:34:25 PM
This is another good one. My husband and I have are things in order. The only thing I see that might need some work is my passwords. My husband knows nothing about that. I have them in a book. [If he can read it] :2funny: :2funny:
Thanks Dennis
Be the kind of woman that when your feet hit the ground each morning, the devil says. "OH NO, SHES UP!"


Tony (ASM)

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Reply #5 on: March 22, 2012, 11:30:21 PM
I once heard someone say 'Dying is a normal part of living so, people should stop worrying and get on with living'. Those words reverberated in my mind in my early 20s. Many people I knew were overly worrisome about death and very dramatic and sensational about it. So, I used to speak these words to 'em!... It didn't go down very well! :o  :2funny:
It's a true fact of life that we are not here forever and, we should leave a legacy of promoting altruism and 'tough love' in respecting the planet.

We make our own Wills on the computer. Very detailed too because, we've seen what can happen when parasites come out of the woodwork! We have strict instructions that our daughters are to let no one be involved or, seek material posessions when we peg it! (until they get over the grieving time)  :smart:
« Last Edit: March 23, 2012, 12:52:00 AM by Topdoginuk »
''Don't spend life going forward in reverse, just glimpse the rear view mirror now and again then, focus on what lays ahead''.
(Tony. ASM 3rd July 2013)


Rkymtnmary

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Reply #6 on: March 23, 2012, 06:22:54 AM
Vital information for all of us regardless of age.  Thank you, Dennis.


Val

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Reply #7 on: March 24, 2012, 07:32:43 AM
On the lighter side, when we sold our old monohull before coming south, my son was horrified!   :eek: 'You can't sell the boat' he said, ' That's my inheritance!'  My reply, 'Look at it this way, we are buying a catamaran....your inheritance just doubled!'   :2funny:
Cheers, Val

”Creativity is allowing yourselves to make mistakes. Work on knowing which ones to keep!”

- Alvaro Castagnet


nolan

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Reply #8 on: March 24, 2012, 11:53:01 AM
 ;D


dennis

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Reply #9 on: March 24, 2012, 12:21:15 PM
I once had a sign:

RETIRED - and living off the kids inheritance
You are what you THINK about - Napoleon Hill


eftpower1

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Reply #10 on: April 01, 2012, 11:16:12 AM
1 Thank you for the video

2 I LOVE THE  SIGN!!!!!!!!!!!!!!!!!!!!

Regards
Brian
Brian


Val

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Reply #11 on: April 05, 2012, 03:13:08 PM
Lloyd's dad had a hat that said....

Being of sound mind and body, I spent the kid's inheritence!
Cheers, Val

”Creativity is allowing yourselves to make mistakes. Work on knowing which ones to keep!”

- Alvaro Castagnet


dennis

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Reply #12 on: April 05, 2012, 11:14:43 PM
 :clap: :2funny: :2funny: :2funny:
You are what you THINK about - Napoleon Hill


Lillian

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Reply #13 on: April 06, 2012, 04:34:20 AM
 :2funny:
"The way to be happy," said Winston Churchill, "is to find something that requires the kind of perfection that's impossible to achieve and spend the rest of your life trying to achieve it."


liz

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Reply #14 on: April 06, 2012, 04:08:50 PM
Actually, a lot of kids may not see an inheritance.  Our long term insurance premiums are rising and with nursing home costs going up and the same with in-home care increasing, there's a good likelihood that many children will be burdened with their parents' care.  Minimum costs for nursing homes is between $6-$8000/mo.  In 8 years' time it cost my sister's and I $300,000 for our Dad's care, the total cost from the sale of his home which we set aside for his care. This was only the cost from one caregiver.  Long story short, we have left only wonderful memories of our loving parents!


 

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