If you are living with another person (a “partner”, a family
member other than a spouse, or a friend) and you do not have a written set of
instructions about what the individual needs to do if you are incapacitated or
deceased, your “live in” will be put in an awkward situation. It doesn’t matter how old you are, if you own
the property and are cohabitating, it is so important that you take the time to
write a will and letter of instruction.
Does your “live in” get the furniture or do your kids get it? How long can your “live in” stay in the
house/apartment? What happens to the
blue vase that your mother left you? Yes,
the state you live in may determine how the situation falls out, however, the
overall intent is “be proactive and take the time to learn how to protect your “live
in” and how to be responsible to your family”.
These are knotty questions and require some thought and a
commitment of time to address.
And make sure someone other than your “live in” knows where
you keep your important papers. If you
have not completed my form about your important financial and hsitorical information, email me and I will send you a copy. Remember it is by no means the end all/ be
all of information; it is a basis for you to add in your own personal touches. I welcome your dialogue.
Until next time…
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