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Posts Tagged ‘American’
Boomers Retirement Plans
Friday, August 14th, 2009
Times have changed, and the priorities come along with it. This is true for the seniors and baby boomers as well. Today, it’s more essential than before to plan your future given the increasing financial abuse received by seniors from caregivers or loved ones and the tough economic times.
Until now, the preceding American generation had been better off economically compared to their parents due to their inheritance, thriving economy, and job opportunities. However, recent times don’t seem to be well. It would be a good bet if the boomers will inherit a single title from their parents. And the boomer’s children may even get less.
All these mean that seniors and boomers need to develop a plan for life, due to possible incapacity and inevitable death. This planning process does not only involve “estate planning” or “financial planning” but “life planning,” “death planning,” “burial planning,” “nursing home or long-term care planning,” and even “pet planning” as well.
Creating and implementing these plans would need a huge multidisciplinary effort coming from a qualified team of professionals. Among others, see a lawyer to help you handle your assets and complete your plan in case of incapacity, disability, and death.
Tags: American, baby boomers, death, disability, Estate Planning, incapacity, lawyer, priorities, seniors
Posted in Estate Planning | No Comments »
Preparing for your Final Hours
Tuesday, July 28th, 2009
For the moment, forget about health-reform debates. You should have a living will that specifies the kind of care for your life if you are unable to speak for yourself. Ethicists, lawmakers, and doctors have been urging the Americans to do this but in nursing homes, less than half have done so. Overall, less than one third of American adults also have a living will.
According to a report from Rand Corp. in Congress, many people are baffled by legalities and don’t understand the consequences and options. In addition, patients and doctors alike are reluctant to bring up the subject of death.
Advance directives are truly for the living as well as for the dying. Without your specific instructions, your family members may not be able to decide if they would keep you artificially alive, let you die when you have no hope for recovery, or what level of disability you would like to live with.
A registered nurse at Inova Hospital (Falls Church, Va.), Audrey Seeley, said “Everyone knows they will soon die, but it’s scary to think how. I see many incapacitated patients say that they don’t care what happens to them. But their family really does.”
Tags: American, Audrey Seeley, Congress, death, die, disability, Inova Hospital, lawmakers, legalities, living will, Rand Corp, Wills
Posted in Wills | No Comments »