Have you heard about the
Pennsylvania Office of Financial Education?
The Office of Financial Education is a special program developed by Governor Edward G. Rendell in the Department of Banking that offers free classes, information, and resources to help adults and youth learn about managing money, budgeting, and other practical financial matters.
The information is free and presented in a user-friendly format.
Here is the home page that will link you to a variety of financial education topics and resources:
Providers, county staff, and advocates may wish to share this information with consumers/clients--as well as reviewing it for their own potential benefit.
Help to get Organized
Check out this website, www.todaysseniors.com.
Do you need a worksheet to help you with some organization?
Well, here is a web site that might fit your needs, www.todaysseniors.com
on the left is a list of topics you can research.
Financial Organizers is where I found a lot of printable organizing documents, such as Our Family's Health History, Our Final Wishes, Insurance Organizer.
Many of these can help you be prepared for the future.
Check it out.
Inheritance theft is a form of abuse of the elderly!!
Six mistakes people make which do more harm than good when planning their estate:
1. Titling your real property, bank account or brokerage account in joint names with children or others. This gives control over your asset to others and makes the asset liable for their debt and personal problems, such as divorce. Remedy: Do not create joint ownership and consult an attorney before considering doing so.
2. Giving a power of attorney granting broad powers to one person. Remedy: Name two persons who must act in concert and limit the powers to suit the situation.
3. Naming a single person as administrator of your probate estate or trust after your death. A single administrator is certain to commit a breach of duty, even if it is done unintentionally. Remedy: Name two administrators who watch over each other and provide checks and balances.
4. Failing to learn the basics of inheritance law. Smart people make good decisions and protect their loved ones and themselves. Remedy: Educate yourself of inheritance laws and rules.
5. Not protecting your children from a previous marriage, if you remarry. Step-children are at the top of the victims list in inheritance cases. Remedy: Protect your children with a trust. Consult an attorney early.
6. Preparing a “do-it-yourself estate plan”. These plans create problems for your survivors and often fail to carry out your last wishes. Remedy: Consult an attorney. The fee is small when compared to the costs, time and hardship resulting from an innocent but tragic mistake.
Courtesy of Attorney Robert Adamski, author of
Inheritance Hijackers: Who Wants to Steal Your Inheritance and How to Protect It