Senior Financial Wellness in the New Year

Published: Fri, 12/28/12


 
 
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 Evan Farr's Elder Law and Estate Planning News
 
Senior Financial Wellness in the New Year
 
Dear ,
 
 
Get a jump on some of those financial New Year's resolutions you'll be making.  Join us for our Financial Wellness Event on January 14, 2013 from 6-7:30 p.m. RSVP today!

At the start of every year, much attention is given to setting goals and making plans for personal improvement.  Keeping a watchful eye on personal finances is one of the simplest and most important resolutions seniors can make.

January marks National Financial Wellness Month.  For seniors, financial wellness involves discovering new ways to budget your resources, achieve financial balance, and develop habits that will help to ensure long-term financial health.

During National Financial Wellness Month, the Fairfax Elder Law Firm of Evan H. Farr, P.C. suggests that seniors take the right steps to make sound financial and legal plans for the future.  Below are tips to avoid fraud and protect the money you have worked so hard throughout your life to earn.
  • Review your statements monthly, including credit card, utilities, bank statements, etc.  One of the fastest ways to financial distress is lack of attention to detail. Make sure to track any questionable transactions and contact the appropriate institution immediately.
  • When paying bills online, only use secure sites generally marked with a URL that includes https://, and safety logos that feature a lock or key.
To find out more financial tips for seniors, join us for an event focused on Senior Financial Wellness on January 14 from 6-7:30 and enjoy some fun refreshments!

At our Senior Financial Wellness event, we will discuss: preparing for the unexpected (including ensuring you have a proper power of attorney & living trust in place); ways to protect your life savings from creditor attack and to avoid falling victim to fraud; and ways to plan, track and manage your money, both now and in the future.  Join us for this informative event and you'll learn how to get a jump on some of those financial New Year's Resolutions you'll be making!! RSVP today!
New Years Resolution- Eat More Chocolate to Ward off Alzheimer's Disease?
 
 
 
Eating certain foods including red grapes, red grape juice, red wine, chocolate, peanuts and tomatoes, have been predicted to ward off a handful of age-related conditions, including Alzheimer's. This may be due to a compound found naturally in these foods called resveratrol. Georgetown University Medical Center's Memory Disorders Program began a new study looking at how resveratrol affects those with mild to moderate dementia due to Alzheimer's disease.

There have been no studies as of yet that look it the effects on memory loss in humans, as they have previously been studied on animals.

Resveratrol, on its own, is not approved by the FDA, but researchers are hoping the results from the study will make that happen. Participants will need to be involved in the study for a year and a caregiver will have to help out throughout the research period.

There are more than five million Americans who suffer from Alzheimer's and this number is expected to increase dramatically as the baby boomers age. 
Upcoming Events
 
Saturday, January 12: Living Trust Plus Seminar: How to Protect Your Assets from the Expenses of Probate and Long Term Care
 
Click to RSVP for this event or call 703-691-1888.
 
-Learn how to protect your assets and obtain valuable Medicaid and Veterans benefits to pay for long-term care.
 
-Learn what the most important estate planning document is, and find out whether yours is up-to-date!
 
-Find out if your Will is sufficient to meet your needs, or if a Trust is a better instrument for you!
 
-Find out how you can protect your assets from lawsuits, divorce, and long-term care creditors!
January 14:
Financial Wellness Event
 
Click to RSVP for this event or call 703-691-1888. 
 
January is Financial Wellness Month.  Join us for an event focused on Senior Financial Wellness and enjoy some fun refreshments!

At our Senior Financial Wellness event, we will discuss: preparing for the unexpected (including ensuring you have a proper power of attorney & living trust in place); ways to protect your life savings from creditor attack and to avoid falling victim to fraud; and ways to plan, track and manage your money, both now and in the future.

This event, hosted by The Law Firm of Evan H. Farr, P.C. is for clients and their friends who would like to learn more about Senior Financial Wellness.  Join us for this informative session on January 14 and enjoy fun refreshments while learning how to get a jump on some of those financial New Year's resolutions you'll be making!!
 

Farr Law Firm Holiday Hours
 
 
Monday, December 31:
Closed
 
Tuesday, January 1:
Closed
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 Upcoming Events

All events are at The Law Firm of Evan H. Farr, P.C., 10640 Main Street, Suite 200, Fairfax, VA 22030.  RSVP today!  We hope to see you there. Find out more details.
Saturday, January 12: Living Trust Plus Seminar: How to Protect Your Assets from the Expenses of Probate and Long Term Care
 
Monday, January 14:
Senior Financial Wellness Event
RSVP
 
Making New Year's Resolutions: Now is The Time to Plan for Your Future
 
 
"Cheers to a New Year and another chance for us to get it right."- Oprah Winfrey

Each new year is a new beginning, and like Oprah says, a chance to get it right. It's a time of putting mistakes in the past and moving on with new hopes, dreams, and plans.
 
Every one of us, no matter how old we are, can still make plans, set goals, and resolve to either keep doing what works or decide to change what isn't going so well.  Each year, people resolve to exercise more, to lose weight, to eat better, etc. But far too few people are aware that in addition being healthy in body and mind, there are steps you can (and should) take to protect your future.
 
Now is the time to think about your medical future and put your wishes into writing.  How would you like to be cared for in the event that you are incapacitated? Who would you like making medical and financial decisions for you if you were unable to make them for yourself? These are the issues addressed in an advanced healthcare directive or a living will--documents every adult should have not only for their own peace of mind, but for the peace of mind of their family and loved ones, as well.
 
By planning ahead and meeting with Evan H. Farr, CELA, you may be able to save a great deal of time and even money in the future, and you can use that extra time and money to achieve some of your other New Year's resolutions! Call the Fairfax Elder Law Firm of Evan H. Farr, P.C. today for a free consultation.
 

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Suite 200
Fairfax, VA 22030

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