Personal Finance and Investing

And while wills are advisable if there are assets, a power of attorney also should be signed by adult children. In case a child is in an accident and is rushed to a hospital, without a power of attorney parents will not necessarily be allowed access to the child and to make decisions.


As for your other comments about junk. Some years back there was a book by someone from Scandinavia - Sweden or Denmark
making a similar points that you raised. Don't burden you heirs with clearing your junk. Some heirlooms do not impress the younger generations.

We have been going through our junk. Spouse likes to keep stuff - "you never know." And in the past couple of years I refused to listen to this comment. No, we have not used it, will not use it donate or throw away.

Funny, in the last year I was going through all of our VHS tapes. Yes, there is still a tape player but these tapes, from more than 30 years ago either have classic movies that are now available on better formats, or TV programs that I have already watched or am not going to.

Also with many papers, financial, statements, etc. Tearing simple bills, shredding financial ones.

Still a lot go go.