If you have an elderly or incapacitated relative who would like a new service or subscription, be sure to put it in their name, NOT yours. Request “user” access so you can pay the bills but don’t put the account(s) in your name. If you do, you may be sorry.A recent AARP magazine article told a story about a man who had moved into an assisted living facility. His niece’s husband ordered Dish Network for him. Shortly thereafter he died but the contract lived on. If it had been in the name of the deceased, it could have been canceled. Most companies that sell subscriptions are willing to cancel them upon the death of the account holder. However, since the contract was in the name of a living person, Dish refused to cancel it. It was only through the efforts of an AARP advocate that the problem was finally resolved.
For more information on planning for old age go to http://diesmart.com/elder-law/.