Smart with Money
You already know the basics: Save your money. Get a will. Invest. Buy insurance. Save some more.
♥ What would you want if you were in a persistent vegetative state where you didn’t know who you were, couldn’t communicate, couldn’t think, and were in limbo? Would you want to be kept alive at all costs? What if you do not want to be kept alive on machines? How will you get your wishes known? More
You need to have “the conversation” with your partner/friends/family. Talking about it and putting something in writing is the only way to do this. Download the free state approved legal documents. Each state has different laws, so make sure you are completing the ones for where you live.
♥ Successful crisis planning for NotMoms, according to the experts, begin with the selection of Power of Attorney, Executor and designated caregivers who are younger than you are. Nothing worse than watching your entire support system fail physically, or die, before you do. Doesn’t mean that friends your age can’t be part of the A Team, but when it comes to legalities, a younger associate is best.
Manhattan’s Ann Logan is a role model to remember. Profiled in the Times in 2011, Ms. Logan, 63, moved to New York City purely for its quality health care, accessible public transit and affordable entertainment. She’s named her P.O.A. and a separate health care proxy who can make medical decisions and see her medical records. She also bought long-term care insurance and arranged other Medicare supplements.
Ms. Logan dared to envision herself hospitalized or immobile. Now she has automatic bill-paying accounts and knows how to buy groceries online and fill up a Kindle. Her will is written and includes provisions for her cat.