Elder law attorney Jim Koewler joins Suzanne to talk about setting up your estate plan and the people needed to complete various documents, such as powers of attorney, wills, living wills, revocable trusts, and irrevocable third-party trusts. This segment covers wills.

Living Will
Person to receive phone call (that Principal seems to have suffered traumatic brain damage): Probably spouse
First alternate person to receive phone call: Person most likely to take in Principal (person signing the Living Will) if Principal needs long-term care (same for Powers of Attorney)
Second successor agent: Person second-most likely to take in Principal if Principal needs long-term care
Etc.

(Note: The person listed on Living Will to receive the phone call doesn't have any "power," but many families don't know that. So, to avoid "power struggles" among family members, it is prudent to list the same people in the Living Will as are named in the Powers of Attorney.)

Will
Executor: Spouse first
Backup Executor (if spouse not able): Person who gets stuff done, meets deadlines, and doesn't buckle under pressure from other heirs

Listen in to hear details and explanations. Learn more about Jim Koewler at Answer for Elders or at his website, and look here to see a list of all of Jim's podcasts.

Elder law attorney <a href="https://answersforelders.com/jim-koewler/">Jim Koewler</a> joins Suzanne to talk about setting up your estate plan and the people needed to complete various documents, such as powers of attorney, wills, living wills, revocable trusts, and irrevocable third-party trusts. This segment covers wills.
Living Will
<ul>
<li>Person to receive phone call (that Principal seems to have suffered traumatic brain damage): Probably spouse</li>
<li>First alternate person to receive phone call: Person most likely to take in Principal (person signing the Living Will) if Principal needs long-term care (same for Powers of Attorney)</li>
<li>Second successor agent: Person second-most likely to take in Principal if Principal needs long-term care</li>
<li>Etc.</li>
</ul>
(Note: The person listed on Living Will to receive the phone call doesn't have any "power," but many families don't know that. So, to avoid "power struggles" among family members, it is prudent to list the same people in the Living Will as are named in the Powers of Attorney.)
Will
<ul>
<li>Executor: Spouse first</li>
<li>Backup Executor (if spouse not able): Person who gets stuff done, meets deadlines, and doesn't buckle under pressure from other heirs</li>
</ul>
Listen in to hear details and explanations. Learn more about <a href="https://answersforelders.com/jim-koewler/">Jim Koewler at Answer for Elders</a> or at <a href="http://www.protectingseniors.com/">his website</a>, and <a href="https://answersforelders.com/jim-koewler/">look here</a> to see a list of all of Jim's podcasts.

Answers for Elders is the North Star in Navigating Senior Care.  Our content is designed to Empower Seniors and their Families through the Daunting Journey of Aging.

Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist seniors, caregivers and their families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health & Wellness, Life Changes, Living Options, and Money & Law.

Answers for Elders is the North Star in Navigating Senior Care.  Our content is designed to Empower Seniors and their Families through the Daunting Journey of Aging.
Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist seniors, caregivers and their families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health &amp; Wellness, Life Changes, Living Options, and Money &amp; Law.

Answers For Elders Radio Network

Empowering Seniors and their Families through the Daunting Journey of Aging

For Caregivers: If you're caring for a senior loved one, or navigating later life care, we help make the journey so much easier for you and your family.

For Seniors: We help you be proactive to prepare for your aging years ahead, honoring your wishes.

Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health & Wellness, Life Changes, Living Options, and Money & Law.

Empowering Seniors and their Families through the Daunting Journey of Aging
For Caregivers: If you're caring for a senior loved one, or navigating later life care, we help make the journey so much easier for you and your family.
For Seniors: We help you be proactive to prepare for your aging years ahead, honoring your wishes.
Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health &amp; Wellness, Life Changes, Living Options, and Money &amp; Law.

Answers for Elders

Elder law attorney Jim Koewler joins Suzanne to talk about setting up your estate plan and the people needed to complete various documents, such as powers of attorney, wills, living wills, revocable trusts, and irrevocable third-party trusts. This segment covers wills.

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