Articles


NAELA And AARP Host Free 'Aging In America' Webcast On Oct. 30

October 22, 2008

Tucson, AZ - With a massive Baby Boomer population approaching retirement age and the current economic squeeze impacting American wallets, advanced long-term care planning is now more crucial than ever. To help educate families on these senior issues, the National Academy of Elder Law Attorneys (NAELA) and AARP have joined forces to present a free Webcast on Oct. 30 at 1:00 pm ET entitled "Aging in America - How to Plan for it."

The live-streamed discussion will be Webcasted at www.naela.org. AARP's William Stoner will moderate the discussion, featuring insight from NAELA members Ronald Fatoullah and Bernard A. Krooks on what families should do now to prepare for the future. During the program, attendees will also have the opportunity to ask their own questions of the panel.

"Baby Boomers are today's sandwich generation, wedged between the costs of caring for their kids and the costs of caring for aging parents," said Krooks, a New York-based Certified Elder Law Attorney and past president of NAELA. "With the government providing less and less of a safety net for its citizens, Americans must plan ahead to finance long-term care costs."

According to a NAELA consumer survey taken in November 2006, nearly half of the Baby Boomers questioned had experienced higher co-pays and insurance premium increases, while another quarter had to arrange for care for a family member. More than 1,000 people aged 35 and older were included in the senior issues survey, which also found that the top concerns of many Americans are "losing their physical health" and "running out of money."

"These findings also demonstrate that all seniors should have an advance directive in place, whether it's a living will or durable power of attorney for healthcare," said Fatoullah, a Certified Elder Law Attorney based in Great Neck, NY. "Without the proper documents in place, the cost and disruption to a family can be immense."

From living quarters to living wills, the three experts will help educate the audience on any options related to senior housing and medical decisions. Other topics might include maintaining a financial legacy for children, how to talk with aging parents about long term care options and the key documents to have in place for healthcare decision-making.

"Recent AARP reports paint a bleak picture when it comes to retirement dreams and the financial security of Americans, particularly those over the age of 50," said Stoner, Associate State Director, AARP New York. "Many older Americans can't afford to wait a decade for the economy to turn around. They need help planning for their long-term care now. AARP is pleased to join NAELA for this free Webcast dedicated to these critical issues."

"Aging in America" will be Webcast "live" from 1:00 to 2:00 p.m. ET. All public attendance is via the Internet. To attend, visit www.NAELA.org and click on the "Aging in America" Webcast registration button. There is no charge to attend, but attendance is limited.

SOURCE: National Academy of Elder Law Attorneys (NAELA)

Most Popular

Need Information?

Please wait... busy