My question involves estate planning in the state of: North Carolina
My sister is ill and the doctors tell us that her time is running out. She is in denial of this and has refused to do anything about a living will or a will in spite of her doctors telling her that she should take care of these items. Anyway to get to the more immediate problems she has asked me and my wife to help her out with some financial matters since she cant doit herself. She has recently exhausted her short term disability and is going on long term disability and she has asked us to help her with this as she cant takl above a whisper for some time now and also has dificulty walking for any distance. She has indicated that she would probably need to have a POA done for us to help her. Is there a specific type of POA that I need to deal with her Insurance company and her employer if necessary and also the Social security administration in trying to get her set up for SSDI payments if available. I would also like to set up a revocable trust if she will cooperate in doing this so as to avoid probate entirely if possible. I dont know what would happen to her house if she died intestate. Who would pay the mortguage while the courts slow wheels turn? Would the house just be forclosed on? I am hoping that she will become more willing to deal with these issues and allow me to assist her in seting something up. In the event that she does is the best coarse of action the will or Revocable Living Trust? Beyond her house she owns a car and whatever retirement accounts and life insurance she has through work and her bank accounts I guess and beyond that is simply personal property. Any advice on which direction to go with this would be greatly appreciated. I feel that her time is short so that may be a guiding factor in the decision. We are probably talking I am told months by her doctors.