Being without family or close friends who'll see that things after my death are honestly done, makes me afraid to choose the wrong estate lawyer to create my Will and Trust, plus an executor and other persons needed after death. I'm hoping those in my same situation who already found an honest estate lawyer and executor (whom they feel they can trust), will share the contacts with me? I read somewhere this:
"Take care, because this individual (or firm) will control your money when you can’t, and you take a big risk if you don’t know who they are and haven’t thoroughly vetted them."
Anticipating my biggest thanks for your response! :)
What you need to watch now is a financial manager of your money who is making his business by selling certain annuities and financial stocks and bonds dependent wholly on how much of a percentage he gets in profit for his business.
And good Trust and Estate Attorney in your area (ask around for recommendations, including on your local Nextdoor) can guide you to a licensed Fiduciary who can manage your money as POA when you are unable to (for payment). They work through the courts and are assigned all the time for those without family or for family perpetrating fraud.
One more hint. You can make an appointment with your banker, as they will often adminstrate for Trusts as well.
If you read this site I must tell you that you are not in as much danger from any licensed attorney, who would lose his license for wrong doing, as you would be from greedy relatives, and THAT'S for certain.
Getting yourself into a place where you don't trust CPAs or Attorneys or other licensed people is sinking into a kind of paranoia for which there cannot be answers. Not to be trusting, to have lost all trust isn't something we can restore for you with a trip to Lourdes. You will have to trust but verify, as Mr. Reagan said.
As you our helping you? I live in San Francisco and know more than a FEW excellent Trust and Estate Attorneys. That doesn't help you. Nor can Margaret recommend someone in Australia for you. We are caregivers and regular "folks" from all over the world with our OWN questions, and we can only wish you the very best.
Interesting idea to have a banker administer my trust, but so far (at 96+) I've been administering myself all my assets and putting them into my trust. But good you brought it up as I may need someone to do it if I become incapacitated and I'll also find out if I still need a POA.
"You will have to trust but verify, as Mr. Reagan said."
I like this quote and will keep it where I see it often. :) However, I did have a few unpleasant experiences with different professionals. One is my present lawyer, but it was my fault for not vetting them sufficiently.
I admire your caregiving profession. You have to be an unselfish soul to do it. So I wish you the best and happiest life.
Also, I'm so grateful to you and all the others who answered my post with intelligent suggestions and advice. I'm ready to follow them all and wish you all the very best. :)
Or, you may have a disabling stroke that disables you, affects your ability to communicate and causes you to require 24/7 care.
You need a PoA or guardian now, before it becomes too late for you to assign one. Plan for the worst, hope for the best.
FYI you fit into a category called "Elder Orphan". This term will be useful for you when doing internet searches.
P.S. Is a POA the same as Health Proxy?
See a good Trust and Estate attorney in your area. There are many ways to get a good recommend, often from your bank or from your NextDoor neighbors sites.
I suggest finding an attorney in the vicinity of a large group of senior citizens and asking members of that group if they know anything good/bad about those who seem promising. Even a monthly magazine for such a group could provide some leads because lawyers will be advertising there.
I wish you luck in your planning.
I learned that from my elder parents. They wanted me to find the attorney (he did real estate settlements) they had used many moons ago to draw up a new set of legal documents as theirs were older than dirt, so chances were slim that he was still in practice, plus he was an one man shop. He had retired. Thankfully I was able to have my parents use our Elder Law Attorney. I was surprised that my Mom had liked her, as my Mom was old school saying women shouldn't be doctors or lawyers as men were much smarter.... (rolling eyes).
I praise caregiving and am grateful to you, caregivers for being VERY SPECIAL SOULS. May God Bless You All. :)
Sincerely,
Adela