Comments on: Making Financial Preparations Ahead of Surgery http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/ Tips for living frugal while still having a life Sat, 20 Mar 2010 20:06:24 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Bonnie Sayers http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/comment-page-1/#comment-6157 Bonnie Sayers Fri, 29 Aug 2008 19:35:36 +0000 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/#comment-6157 Wonderful information you have shared here. Hope your Mother is doing better. Wonderful information you have shared here. Hope your Mother is doing better.

]]> By: fathersez http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/comment-page-1/#comment-6146 fathersez Fri, 29 Aug 2008 13:52:49 +0000 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/#comment-6146 Our prayers are with you and your Mother. May you be given strength in this hour of need. Our prayers are with you and your Mother. May you be given strength in this hour of need.

]]> By: gS49 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/comment-page-1/#comment-6058 gS49 Tue, 26 Aug 2008 12:16:21 +0000 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/#comment-6058 After my father died (at 63), my mother took care of all such arrangements with me as the agent, including adding me to her bank account. Neither she nor I had to be concerned for the next 30 years until her death. A few things that mom did that you've not mentioned: Durable/Medical power of attorney so that someone can act for you if you are not able yourself. This should include a conditional POA for someone else in case your principal 'attorney' (probably your spouse) is also incapable. Include your spouse or other trusted friend on any safe deposit boxes. Make funeral arrangements well in advance. Besides the plot (next to dad's) and the headstone, mom gave the funeral home instructions. Give copies of the legal papers to someone else you deem responsible--normally your lawyer--in case the primary copies are unaccessable. Duplicates are good. A list of where all these things are. And discuss all these areas with spouse and other possible attorney. (I'm using attorney in the sense of agent, as in "power of attorney".) After my father died (at 63), my mother took care of all such arrangements with me as the agent, including adding me to her bank account. Neither she nor I had to be concerned for the next 30 years until her death.

A few things that mom did that you’ve not mentioned:

Durable/Medical power of attorney so that someone can act for you if you are not able yourself. This should include a conditional POA for someone else in case your principal ‘attorney’ (probably your spouse) is also incapable.

Include your spouse or other trusted friend on any safe deposit boxes.

Make funeral arrangements well in advance. Besides the plot (next to dad’s) and the headstone, mom gave the funeral home instructions.

Give copies of the legal papers to someone else you deem responsible–normally your lawyer–in case the primary copies are unaccessable. Duplicates are good.

A list of where all these things are. And discuss all these areas with spouse and other possible attorney. (I’m using attorney in the sense of agent, as in “power of attorney”.)

]]> By: lulugal11 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/comment-page-1/#comment-6047 lulugal11 Tue, 26 Aug 2008 02:15:35 +0000 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/#comment-6047 My mother is in the hospital too (cancer) so I can feel your pain. All the best and you are in my thoughts. My mother is in the hospital too (cancer) so I can feel your pain.

All the best and you are in my thoughts.

]]> By: Andy @ bloginyourface.com http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/comment-page-1/#comment-6045 Andy @ bloginyourface.com Tue, 26 Aug 2008 00:47:08 +0000 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/#comment-6045 Hey Frugal Dad, I am praying my brains out for you and your Mother. Hang in there and think positive, buddy. Hey Frugal Dad, I am praying my brains out for you and your Mother. Hang in there and think positive, buddy.

]]> By: Another Personal Finance Blog http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/comment-page-1/#comment-6042 Another Personal Finance Blog Mon, 25 Aug 2008 22:29:01 +0000 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/#comment-6042 Creating a list of accounts I think is often an overlooked necessity. Automatic bill-pay is nice, but, again, make sure someone knows how to access this information. While I pay all of our bills electronically, I still have paper bills sent to the house for my records and so that my wife would know what bills are due if I am not there. Creating a list of accounts I think is often an overlooked necessity. Automatic bill-pay is nice, but, again, make sure someone knows how to access this information. While I pay all of our bills electronically, I still have paper bills sent to the house for my records and so that my wife would know what bills are due if I am not there.

]]> By: Miranda http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/comment-page-1/#comment-6036 Miranda Mon, 25 Aug 2008 18:05:34 +0000 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/#comment-6036 Thank you for this post. It is a reminder that we all need to be prepared for these types of financial issues. My thoughts and prayers are with your mom, and the rest of your family. Thank you for this post. It is a reminder that we all need to be prepared for these types of financial issues.

My thoughts and prayers are with your mom, and the rest of your family.

]]> By: Amy http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/comment-page-1/#comment-6033 Amy Mon, 25 Aug 2008 17:23:00 +0000 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/#comment-6033 I am praying for your family today. Please keep us updated! I am praying for your family today. Please keep us updated!

]]> By: Ashley @ Wide Open Wallet http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/comment-page-1/#comment-6028 Ashley @ Wide Open Wallet Mon, 25 Aug 2008 15:55:35 +0000 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/#comment-6028 Hope all goes well today. You guys will be in our thoughts. Hope all goes well today. You guys will be in our thoughts.

]]> By: Marc and Angel Hack Life http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/comment-page-1/#comment-6025 Marc and Angel Hack Life Mon, 25 Aug 2008 15:11:08 +0000 http://frugaldad.com/2008/08/25/making-financial-preparations-ahead-of-surgery/#comment-6025 These tasks are tough on the mind... but your family is worth it. Thanks for the insight. I hope all is well with your family. These tasks are tough on the mind… but your family is worth it. Thanks for the insight. I hope all is well with your family.

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