Some very good advice given by the responder. We would add that the person asking the question will need to develop a relationship with someone (whether a friend or professional trustee or guardian) in case he or she cannot make financial or medical decisions during their lifetime (whether temporary or long term). At Falco and Associates, P.C. we have had many clients in this situation.
‘My younger brother has drug-related dementia, so I see no point in giving him money.’
Dear Quentin,
I shall be 70 in August. I have a 401(k), a checkbook and a life-insurance policy.
My younger brother has drug-related dementia, so I see no point in giving him money. He has already proven that he cannot spend wisely. Hopefully, I shall outlive him.
Here is my dilemma: I have no family or relatives I know, or care to know. I have no interest in “causes” or “charities” for the same reason.
I do not believe in charities, as I do not approve of the “liberal” donations of whatever charity I would choose. Nothing or no one seems to interest me to bequeath my estate.
My older brother was a Vietnam casualty, but each and every Vietnam charity is either staffed by angry veterans, or run by people too young to remember the war or its disasters.
I do not have a will. Where do I leave my money? I do not know what to do.
