From Dow Jones & Company, Inc.:

An elderly reader in South Carolina seeks guidance on managing their estate, as they have no close relatives or friends in the area. They have $620,000 in savings, $2,200 per month in Supplemental Security Income, and a long-term care policy. Suggestions include working with professionals such as financial planners, accountants, or attorneys, and ensuring they focus on estate planning in the state. The reader is advised to create documents like a power of attorney, healthcare proxy, and living will, and to have plans in place for long-term care and general healthcare. Regularly reviewing and updating plans is also recommended.



Read more: I’m 76 with no relatives. What should I do with my estate?