Below is a link to valuable planning advice for seniors (or, really, for anybody).
Just how should we update these instructions to include what we have to do if we are also a “US person” in another country?
What should we do to make sure that a disabled member of our family (including those who may eventually be affected by an unfortunate accident, dementias, etc.) is properly looked after from whatever our estates will be?
Can we satisfy the laws of the country we live in and the country we left, the USA? If so, what will be the extra expense, administration for a US person living abroad?
As we age, the possibility increases that someone will have to take over our affairs if we are incapacitated or when we die. Many of us know where to find our important documents, but fewer have put all the information down in one place, so that our family or the executors of our estate can locate it easily, if something happens.
It takes some time and effort to create a loose-leaf binder – or even a file folder that will assist your family or the executor of your estate – or that of your spouse – in such a situation. But once you have accumulated all the information, you’ll feel confident that your affairs can be dealt with efficiently. Of course, you’ll have to update the binder every six months or so, but that shouldn’t take too much time.
Here is a template for the overview in your binder or file:
It is probably a good idea to give your executor a copy of your “If Something Happen” binder or file
No matter what your age, the work you do now will help your survivors and executor(s) immensely, and they will be most grateful.