Monday, January 27, 2025
HomeFinanceAsk Amy: We’re married. Are these monetary proposals ‘good and honest?’

Ask Amy: We’re married. Are these monetary proposals ‘good and honest?’

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Pricey Amy: We’re “Pat” and “Leslie.”

We have been each retired once we married two years in the past, and we signed a prenuptial settlement that retains our funds separate.

We every personal a home outright and we spend half our time in every. We agreed to share day by day bills and arrange an account, which we equally fund and from which both of us can draw for these bills.

We each have our personal belief which controls our property. Our property, although, are significantly totally different, although our incomes whereas working have been roughly the identical.

A part of Pat’s property come from a large inheritance, and Pat believes that these funds are household cash and should be handed down the generations.

Leslie believes that that is clever household planning. Leslie has invested a major quantity within the training of the offspring. Pat agrees that this, additionally, is sensible household planning.

We have been discussing journey and a proposal was put forth that the bills for journey ought to be divided proportional to property.

An identical proposal was put forth for medical bills, as one among us has considerably greater medical bills.

We glance to your sage recommendation as as to if these are good and honest proposals.

Pat and Leslie: Please come to my home and kind out my life.

Your selections and distribution of property appear honest (to me), and if this works for you, then keep on!

Your monetary blueprint for all times seems each strong and accountable. However generally you might want to coloration outdoors of the traces, as a result of life has a method of derailing even essentially the most finely laid plans.

You might be extraordinarily good at deciding, distributing, and dividing. My one suggestion so that you can think about could be to search out methods to share extra.

A considerably radical concept could be so that you can think about making the most of the new housing market, promote your two houses and search for a house collectively which will probably be appropriate in design and placement so that you can age comfortably in place. Collectively.

You possibly can use the revenue from the gross sales to fund a joint account for use for journey and medical bills — as wanted.

Pricey Amy: The next occurred 3 times this month to individuals I do know!

Right here’s the story: Anyone died with no will, leaving their family members to cope with the aftermath.

My buddies are having hassle moving into financial institution accounts to pay funeral bills, moving into flats to filter belongings, coping with funeral houses, having access to e-mail accounts to allow them to notify the close to and expensive of the sudden departure, and hassle monitoring down veterans’ advantages and mortgages and leases and insurance coverage insurance policies.

Squabbling over the heirlooms will occur subsequent. In the meantime, there are disputes about who shall function executors.

It will have been so easy for these now-departed souls to make some preparations earlier than the inevitable day arrived.

Passwords, financial institution particulars, powers of legal professional, automobile titles and all different authorized paperwork — these could also be saved discreetly hidden, with an “in case of emergency” be aware prominently featured someplace within the residence.

Copies of all of the gadgets in your pockets, equivalent to licenses and bank cards (back and front) ought to be in there, too.

Banks are fast to freeze accounts. Thawing them could be troublesome with out the appropriate paperwork.

Please use your platform to clarify in your inimitable method that no person will get out of right here alive, and it’s a kindness to formally make one’s needs recognized and one’s preparations clear — as a substitute of burdening those that love you with cleansing up your affairs whereas they grieve.

Nervous: “No person will get out of right here alive.” That’s as inimitable because it will get.

Thanks so very a lot for this essential admonition. I hope your message reaches lots of people, inspiring them to take these steps for the sake of these they are going to go away behind.

Pricey Amy: I had to reply to the letter from “Fed Up,” who had endured 10 Thanksgivings with bickering sibling in-laws.

I had the perfect Thanksgiving ever final yr. After a horrendous Easter with so many modifications and pointless calls for I stated no extra, a minimum of for some time.

I booked a flight and lodge and left city for Thanksgiving. I made a decision {that a} turkey sandwich alone was higher than one other mess. It was the perfect resolution.

Consequently, Christmas was fantastic. Generally you’ll be able to resolve an issue by not being part of it.

C: Taking a breather could be good for everybody.

©2022 by Amy Dickinson distributed by Tribune Content material Company



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