According to the article titled “Anniversaries: When a Day is More Than a Calendar Space”, written by Kip Ingram and published in Montgomery Hospice, some ideas for celebrating a Loved One on Special Days are the following:
- “With thoughts of gratitude, light a candle as a reminder of your loved one’s life.”
- “Donate some time toward a cause that was meaningful to your loved one.”
- “Go through pictures, papers, or other cherished mementos.”
- “Buy a card for your loved on and write in it what you appreciate and miss.”
- “Plant a tree or bush or flower in memory of your loved one.”
- “Visit a favorite place or restaurant which you shared with your loved one.”
Many people associate the need for medical and financial powers of attorney with being elderly or infirm, when the bottom line is, no one can consent or act on behalf of another person if they are over 18 years of age, including spouses and children. Therefore, if your child was in a car accident and could not speak for themselves, you could not talk to Dr.’s or see charts nor could you pursue their needed treatment, without a medical power of attorney. You could not act on their behalf with insurance companies or banks or the MVA. The size of the estate doesn’t matter, large or small; you still have to handle these details for someone and cannot do so without the proper powers of attorney.
I began offering to do free medical and financial powers of attorneys for my client’s adult children as part of the parent’s estate planning, after a particular case broke my heart. I had a distraught father come to see me as his 19 year old daughter was in a car accident and was in a coma, and he needed to fight for certain treatment on her behalf. Like most people her age, she did not have powers of attorney, so we had to file a petition for guardianship. The Court then appointed another attorney to do an independent evaluation of the circumstances (home visits, meeting with family, obtaining two Dr.’s certifications, visiting hospitals where “ward” is residing) to assist the Court in determining whether the guardianship would be in the best interests of the daughter (also known as the “ward”). After the appointed attorney filed their report, we attended a court hearing and the Judge determined it was appropriate to name the father as guardian of the person and property of his daughter. The father had to pay his legal fees, the appointed attorney’s legal fees and court costs of approximately $9500.00, and it took ten (10 ) months as it was in Montgomery County. Please don’t risk letting this happen needlessly!
So, although they may never need it, make sure everyone you love and/or may be responsible for if such an event were to occur, has the proper powers of attorney in place! I would much rather do free powers of attorney than earn fees doing guardianship proceedings and watching a family suffer through the costs and delays involved. Please do not hesitate to contact me should you wish for my assistance.
Lynn Caudle Boynton
It’s that time of the year again! Don’t forget to set your clocks back one hour on Sunday, November 3!
- Your friends at Olde Key Title
According to the article titled “Don’t wait for a crisis to draft your financial plan”, written by Marguerita Cheng and published in the Washington Business Journal, it is never too early, or too late, to draft your financial plan. And, you shouldn’t wait until you have a crisis to draft your financial plan either. Ms. Cheng defines ‘financial planning’ as “the process of meeting your life goals through the proper management of your financial resources.” Moreover, financial planning entails “controlling spending, managing credit, reducing taxes, increasing savings, protecting family and assets, and building wealth for the future.” This definitely is easier said than done. However, the following websites provide a number of informational tips and resources for savings: (1) wwwLetsMakeaPlan.org; and (2) www.AmericaSavesWeek .org. Good luck saving!
A man shows up at settlement with his wife, he is a seller…..she told me the name of the seller on the settlement statement was wrong. I looked to see if it was consistent with the title search…it was titled in the Seller’s name and another woman’s name, who was referenced as his wife. I advised the seller of this. His new wife said, “She died almost 9 months ago!”
Husband had already remarried and she thought she was automatically on the deed, so was quite irate. I had chills and tried to keep a poker face, but had to ask him for a death certificate for his late wife, to be sure she wasn’t alive and this transaction was going on unbeknownst to her. He was deeply offended, but proof of death of the other joint owner is a requirement when only one party is selling a property they owned jointly with a right of survivorship. We had to call the funeral home to get the death certificate, as the seller was moving to Florida and everything was packed up…and he was insulted that we had to do this before we would give him his check and delay their leaving!
Olde Key makes every effort to handle the most difficult situations, it doesn’t matter who is right, we just want to get it right…which benefits all parties to a closing (whether they understand that or not!) . Call 301-294-3333 and ask For Lynn Caudle Boynton or email me at firstname.lastname@example.org.
According to Rick Thompson, realtor with ReMax Town Center, here are “5 Things To Never Carry In Your Wallet (or Purse)” in an attempt to lower your risk of identity theft:
Now, go take a look in your wallet or purse. Happy cleaning!
According to the article titled “Who Owns This Land? In Greece, Who Knows?”, written by Suzanne Daly and published in The New York Times, land ownership in Greece is unfortunately not as clear cut as land ownership in the U.S., for example. In fact, “most of Greece’s land transaction records are still handwritten in ledgers, logged in by last names. No lot numbers. No clarity on boundaries or zoning. No obvious way to tell whether two people, or 10, have registered ownership of the same property.” The article is very interesting, to say the least, and can be found at http://wap.nytimes.com/2013/05/27/world/europe/greeces-tangled-land-ownership-is-a-hurdle-in-recovery.html.
The article titled “Log On, Save Your Life?”, written by Colleen Oakley and published in Parade, provides the following helpful (and probably unknown-to-you) medical websites that offers both support and information with regard to certain medical conditions and treatment:
We recently received the email below from Montgomery County:
“You can find Montgomery County Office of Consumer Protection (OCP) on Facebook and Twitter! Follow us at Facebook.com/mococonsumerprotection and Twitter.com/consumerwise to stay informed on the latest Community Ownership and Consumer Protection news and events. Both sites include useful links to our website, other consumer agencies, and informative multi-media resources.
OCP will regularly post CCOC and Consumer alerts and news stories to ensure that Montgomery County residents are aware of changes in laws, regulations, and the latest scams. Weekly topics of interest will be posted including tips from our very knowledgeable staff of investigators, community ownership, and consumer advocates, as well as comments and advice from OCP Director Eric Friedman.
We encourage your feedback, comments, and suggestions. We also invite you to watch our Montgomery County cable television show, “Consumer Compass” as an additional source for information.
Please remember that Facebook and Twitter pages are public, therefore, please do not post any personal information about yourself or others. If you have a specific question or information for OCP, you can reach us directly at email@example.com or ConsumerProtection@montgomerycountymd.gov.”
According to the article titled “You’re never too young for retirement planning”, written by Ed Arnold and published in the Washington Business Journal, no matter what the economy is like, it is important for everyone to start to plan for his/her retirement early. “The high cost of health care later in life is one of the single biggest busters of retirement savings, and even though many retirees save enough to afford living expenses through retirement, a long-term unexpected illness can wipe away years of savings in just a few months.” The potential and likely high cost of health care later in life is one significant reason it is extremely important to start to plan for your retirement as early as possible. A recent insurance offering, that some insurers offer, are policies that transition from disability insurance to long-term care insurance upon retirement.
Retirement may be here before you know it, so start planning, and saving, for your retirement as soon as you can!