|
Designated
Beneficiary Law May Help Seniors
by
Eileen Doherty
Denver, CO. Taking the time to do adequate
estate planning for many seniors is seen as expensive and a task
in which they do not wish to engage for various reasons. Estate
planning includes executing such documents as a will; a medical
power of attorney; a financial power of attorney; designating
beneficiaries on life insurance policies and pension plans;
funeral pre-planning; designating beneficiaries of a trust; and/or
designation of individuals to have access to bank accounts and
other financial investments. Many times this type of estate
planning is delayed because seniors do not know who to designate
or they fear the cost of paying for legal advice. Doing nothing
sometimes is more expensive than doing something.
Read the rest of the article here
Seniors’ Checks Shrink,
$1 COLA For 2011?
Distributed by The Senior
Exchange, Inc. Serving The Mature American With Timely, Low-Cost,
Self-Help Information
Alexandria,
VA (February 8, 2010) The year is just getting started, but many
seniors are reporting that their Social Security benefits are
shrinking, says The Senior Citizens League (TSCL), one of the
nation’s largest nonpartisan seniors groups. In 2010, seniors
and the disabled didn’t get an annual cost-of-living adjustment
(COLA) because inflation was too low. But Medicare premiums went
up for millions of seniors, leaving them with shrinking Social
Security checks.
Read the rest of the article here | 