In today's Ask Amy, a retired couple write that they signed a prenup to keep their finances separate when they married.
Our assets, though, are considerably different, though our incomes while working were roughly the same.
We were discussing travel and a proposal was put forth that the expenses for travel should be divided proportional to assets. A somewhat radical idea would be for you to consider taking advantage of the hot housing market, sell your two homes and look for a home together which will be suitable in design and location for you to age comfortably in place. Together.You could use the profit from the sales to fund a joint account to be used for travel and medical expenses – as needed.Here’s the story: Somebody died with no will, and left their loved ones to deal with the aftermath.
It would have been so simple for these now-departed souls to make some arrangements before the inevitable day arrived.Passwords, bank details, powers of attorney, car titles and all other legal documents – these may be kept discreetly hidden, with an “in case of emergency” note prominently featured someplace in the home.Banks are quick to freeze accounts. Thawing them can be difficult without the right paperwork.
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