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Aging puts a particular stress on financial well-being, by-way-of the burden of medical costs incurred, through treatment of chronic illness, disease, and disabling physical trauma. Get your legal and financial affairs in order before a medical emergency happens.
At the very least have a will and advance directive prepared, signed, and notarized. A legal will is necessary to direct where your money and property will go when you die. An advanced directive allows for your appointment of a durable power of attorney for health care. The person you name can make decisions for you if you are unable to make them for yourself. |
A living will allows you to make your wishes known in regards to the types of medical care you do or do not want. Your healthcare decisions are made by you, in advance and are meant to be honored upon your incapacitation.
Make a plan about what selected people should do in case you have a medical emergency. Check your state laws about the requirements and forms you need to put your financial, medical, and legal affairs in order.
Make a plan about what selected people should do in case you have a medical emergency. Check your state laws about the requirements and forms you need to put your financial, medical, and legal affairs in order.
Precepts for Financial Health and Aging Financial health is a term used to describe the state, condition, or fitness of a person’s financial affairs. Financial wellness is a multidimensional concept that incorporates savings, debt, living expenses, and discretionary expenses. It also incorporates financial planning, retirement savings, financial risk, whether you are on track to reach your financial goals, and even having an contingency fund set aside for a sudden disaster.
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Downsize Your Life, Increase Your Well-BeingThere comes a point in your life when you realize, all those years of living has led to an accumulation of clothing, furniture, tools and utensils, hardware, supplies, devices, and assorted knickknacks—most of which you no longer need or use. You probably even bought a few things over the years that you never did get around to using. These items take up space, collect dust, clutter your living area, and . . .
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Putting Your Financial Affairs in OrderFor many people, talking about end-of-life issues is so uncomfortable that it is avoided until a person is incapacitated, gravely ill, or suddenly and unexpectedly deceased. The sadness (experienced by family and other loved ones) associated with the grieving process is compounded by the burden of having to make immediate decisions about what type of end-of-life care or funeral arrangements the person would want. It does not have to be that way.
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