"I Made a Small Change"
Attorney Tara Wilson of Andover, MA, had many of her own estate planning documents in order. But after her grandmother fell ill at 84 and her relatives disagreed on her care, the court appointed a stranger as guardian, overruling her grandmother's wishes.
"The guardian kept her from her loved ones, put a reverse mortgage on her house, moved her to a nursing home and squandered her savings. From all this I learned that I needed to name a second and third choice for healthcare proxy and power of attorney, and add a provision to my will that the court is not to appoint anyone else to represent the interests of my children. And I keep my will up to date."
"The guardian kept her from her loved ones, put a reverse mortgage on her house, moved her to a nursing home and squandered her savings. From all this I learned that I needed to name a second and third choice for healthcare proxy and power of attorney, and add a provision to my will that the court is not to appoint anyone else to represent the interests of my children. And I keep my will up to date."
Financial Expert
MP Dunleavey writes monthly in WD about easy moves you can make to improve your finances. She is the editor-in-chief of DailyWorth.com, a daily email about getting more out of your life and your money.
“How to Write a Will” is part 9 of a multipart yearlong series.
“How to Write a Will” is part 9 of a multipart yearlong series.
Related Links
Read more: Healthcare Proxy - How to Write a Will
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