2019 Summer Newsletter

Page 5

Page 1 | Page 2 | Page 3 | Page 4 | Page 5

Ten Steps to Help Protect A Spouse

Though no couple likes to think of the time they may be facing life alone, the following information can ease the burden on tomorrow’s survivor by discussing key financial matters today. Here are ten steps to get your affairs in order:

  1. Gather financial papers. Store deeds, passports, insurance policies, estate documents and the latest statements from financial accounts in a fireproof box at home, where survivors can easily find them.
  2. Make a “must-call” list. Compile contact information for your accountant, lawyer and other financial professionals who need to be contacted when a spouse dies.
  3. Share passwords. Keep a master list of all user names and passwords so your spouse can still have access after your death.
  4. Update beneficiaries. Make sure beneficiary designations for your pension, 401(k), IRA, brokerage accounts and life insurance proceeds still reflect your wishes.
  5. Check credit cards. Make sure your name is on the credit card account. In most states, when your spouse dies, you won’t be responsible for any debt on a card that’s not in your name. But you also won’t be able to use it and will have to reapply for credit in your own name.
  6. Set up advance directives. You both will need health care powers of attorney to designate the person you want to make medical decisions on your behalf if you are incapacitated. You’ll also need a living will that spells out what measures you want the doctor to take to prolong your life.
  7. Designate a money person. Each of you will need a financial power of attorney so you can name a trusted person to make money decisions for you if you’re unable to do so.
  8. Review wills and trusts. Do this every few years or when there’s a significant change in your life, such as a sizable increase or decrease in your finances. If you don’t have a will, get one.
  9. Discuss funeral plans. This can save thousands of dollars by letting the surviving spouse – who may need the money – know it’s okay not to choose the most expensive funeral.
  10. Learn how bills are paid. Keep a list of how bills are paid so the survivor doesn’t miss a payment or overdraw an account.

Thank You Cayuga Elementary

RSVP is delighted to recognize Sachem School District’s Cayuga Elementary School, located in the lovely town of Lake Grove. The fine students pictured above, from all grades, spent many weeks collecting toiletries for the homeless. Here they are packing up the truck with all their donations which were then delivered to several shelters throughout Suffolk. Also pictured are RSVP Coordinator Denise Passarelli, PTA mom Stephanie Cocchi and Cayuga Principal Matthew Wells.

“Children are likely to live up to what you believe of them.” — Lady Bird Johnson

Our wonderful knitters and crocheters continue to amaze us with their beautiful blankets and twiddlemuffs! Pictured are Patricia Schlosser, Recreation Therapist at Islip Adult Day Services and RSVP Coordinator Denise Passarelli. Patricia was extremely grateful for the donation to the Day Program.

Attention Volunteers: Tribute Day 2019 is fast approaching; so don’t forget to circle September 10th on your calendars!. All those with at least 30 hours of volunteer service from July 1 2018 through June 30, 2019 will be receiving an invitation soon. Hope to see you there as it’s sure to be a great day!

“A perfect summer day is when the sun is shining, the breeze is blowing, the birds are singing, and the lawn mower is broken.” ~ James Dent

Happy Summer From All of Us at RSVP!