As we age…


I am close to 60 now. I spend a lot of time in the hospital between medical issues and mental issues.

At this point I need to have my children ready to take over my finances while I am in the hospital.

I don’t have assets so I don’t have a lot of worries about a will. There literally won’t be anything left. Worried enough about having enough to be cremated only and without a service. Right now that program is $2500.

So plans include adding oldest daughter to my checking account as an equal. That way if something happens to my account or she locks the online account out she will be allowed to get it unlocked by them.

She also has a list of all my credit card bills and the info. If she locks herself out in most cases she is stuck and we will hope she can pay over phone without a fee or she will need their address for postal payment.

The last thing I have to worry about is my finances while in the hospital.

I checked into prepaid funerals/cremations and they are too high and life insurance is even higher. I don’t care what they do so a simple cremation with no service/party is fine with me.

We are thinking on having my daughter open a savings account that I could do my own prepaid funeral. Depending on date of death and how much I can scrape together they may not get stuck with the whole thing.

Luckily I trust my children.

I have one more parent’s funeral to go through and he prepaid the whole thing so that is one less problem. My sister is the executor. I was originally, but I freaked out every time they said the word death in their situation. They finally realized that I was not the one for that. I am better now. I guess if you don’t fear death enough to try and kill yourself things tend to change if you survive like I did.

Praise the Lord,

Tessa

 

 

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16 thoughts on “As we age…

    1. Tessa Post author

      Yes it is hard, but having already lost a parent as well as aunts, uncles and grandparents it gets a little easier and I want to make things easier on my kids like my dad is doing for us.

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  1. Izrael

    Its a scary thought to know that one day all of us will ultimately meet our end. It might due to various reasons and age is simply a number of how long we survived. But we still have to prepare for the inevitable because our time is simply limited.

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    1. Tessa Post author

      For a long time I didn’t care about those that would be left behind and stuck paying for things. I wanted a big funeral with a casket and all, but that is not to be and really what do I care when I am going to be gone. Why stick the family with bills they can’t pay either. I have a feeling that my parents will be the last of the big funerals in this household on my side anyhow.

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  2. SassaFrassTheFeisty

    You seem to have gotten alot of clarity recently. I hope that the meds and your faith have helped you reach these places. I am sure that planning is hard to do on a fixed/non existent income. I pray that things stay this way for you for awhile. Lord, please watch over and keep Tessa closer during this time and give her strength to continue on this path of clarity. In your name we pray, Amen.

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    1. Tessa Post author

      Why thank you for the prayer Sassy. That same nonexistent income has to provide housing when my dad passes. I pray a lot that the Lord will take care of me and that things work out . Love you ❤

      Liked by 1 person

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  3. manyofus1980

    the fact that you want to help so that your kids arent stuck with a huge bill says a lot about your character and how thoughtful you are. I’m glad your preparing even if it is a terrible thing to have to prepare for. xoxo

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  4. GiGiMandy

    I would encourage you to do a simple will. I think you can do one online for little or nothing. It will save your daughter a lot of headaches. Even though you don’t have anything. Your “estate” would still go into probate. God bless you as you do all this planning. It’s not easy …I know

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