Aging is a natural part of life, but it can bring about concerns regarding independence, finances, and health care. Our webinar focused on empowering individuals and their families with practical strategies to navigate the aging process while preserving dignity and control.
Attorney Shannon McNulty and Professional Fiduciary Amy Jo Neill shared helpful insights for New Yorkers on how to plan for aging, manage household finances, and secure necessary legal protections before it’s too late.
The webinar tackled some of the most pressing issues that arise with aging, including:
- Planning Ahead: We discussed the importance of creating essential legal documents like healthcare proxies, powers of attorney, and revocable living trusts. These documents allow you to make informed decisions now, ensuring your wishes are honored if you lose the ability to manage your affairs later.
- Stages of Aging: From complete independence to needing full-time care, the session outlined the different stages of aging and how to prepare for each one. Early planning helps avoid crisis decision-making and allows you to maintain control over key life decisions.
- Support Systems: We emphasized the need for reliable support, whether from family, friends, or professionals like daily money managers and geriatric care managers. These experts can help with everything from paying bills and managing taxes to coordinating medical care and protecting against fraud.
- Reducing Burden on Loved Ones: A significant concern for many aging individuals is how to avoid becoming a burden on their family. We covered strategies that allow for seamless support transitions while minimizing the impact on your loved ones.
Learn more about this topic in our article, How Pending Medicaid Changes Will Impact Long-Term Care Planning in New York
