Does my dad need a will?
Does my dad need a will? He does receive a small military pension and a small social security check that total about $1,500 per month. He doesn't own any property; house, car, etc. He has lived with me for the last 15 years.
Everyone should have a Will, Durable Power of Attorney and Health Care Proxy. In the event of your father's death, someone would need to be appointed to deal with the closing of his financial affairs including filing last income tax returns. In addition, it is possible that he could obtain assets in the future that would make a Will even more advisable.
If he became incapacitated, you would need a Durable Power of Attorney and Health Care Proxy to obtain the authority to act on his behalf.
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