Changes to a will

[kdduncan]

Hello, my Mom wants to change her will to have me control my Sister's finances and pay her a flat monthly sum and pay her bills from the 1/2 of the estate. Would everything have to be in my name only or could she still have it in her name with me as a trustee or power of attorney? Can this be done in a will or an addendum to the original will? Thanks in advance for any advice.

 

[latigo]

Hello, my Mom wants to change her will to have me control my Sister's finances and pay her a flat monthly sum and pay her bills from the 1/2 of the estate. (?) Would everything have to be in my name only (?) or could she still have it in her name with me as a trustee or power of attorney? (?) Can this be done in a will or an addendum (?) to the original will? Thanks in advance for any advice.

What you NEED to do is to escort mom to her lawyer and let the lawyer know her wishes in this regard. And then see that it is set forth in a new will revoking all priors and containing the appropriate language creating a testamentary trust befitting her desires. And instead of you being designated as Trustee that she nominate an established financial institution.

And you? You stay seated in the office waiting room reading the 1990's dog eared Time magazines. Why? Because with all due respect to your good intentions, you are talking about an arcane subject of which you know nothing about! And are not about to learn from your laptop.

 

[commentator]

Is your sister in need of a protector and power of attorney and keeper of her finances? Is she special needs or in some way incompetent to care for herself? If not, then ....well, I agree totally, let the attorney explain it to Mom, while you keep your nose out of it.