Download - Our Town | St. James, NY
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– 73 –<br />
F I N A N C I A L S A V V Y<br />
continued<br />
• Do they have updated wills<br />
and an executor who knows<br />
their wishes?<br />
• Are their insurance programs<br />
adequate? Without adequate<br />
coverage, a single illness<br />
could wipe out an otherwise<br />
ideal retirement plan. (Some<br />
children cost-share their parents’<br />
premiums for Medicare<br />
Supplement or Long-Term Care<br />
insurance, for example. They<br />
see it as a wise investment in<br />
their parents’ future.)<br />
• What about life insurance?<br />
• Do they have special requests,<br />
such as living wills, trusts, lifetime<br />
gifts, etc.?<br />
• Where would they want to<br />
live, if incapacitated? (Discuss<br />
nursing home and home<br />
health care options.)<br />
Generally, parents and children<br />
feel uncomfortable discussing<br />
these matters. It’s important<br />
to do this in a way that puts<br />
both generations at ease. One<br />
solution is to work with a group<br />
of professionals – such as an<br />
attorney, tax advisor and insurance<br />
agent. These individuals are<br />
familiar with retirement and<br />
estate conservation issues, and<br />
can help facilitate communication<br />
while providing specific<br />
<br />
LADIES WALK CLUB<br />
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FREE!<br />
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expertise.<br />
For more information on insurance<br />
and other products that can<br />
be used to help you and your parents<br />
prepare for the future, please<br />
contact your insurance professional.<br />
Editor’s Note:<br />
Lawrence Glazer, CLU, ChFC, LUTCF, a<br />
<strong>St</strong>. <strong>James</strong> resident, is a New York Life<br />
Insurance Company Agent and can provide<br />
additional information on insurance<br />
and other financial products that can be<br />
used to help you prepare for the future.<br />
Call him at 391-3490.<br />
SEASON’S GREETINGS<br />
Wishing you a wonderful holiday season<br />
and a happy, healthy New Year<br />
THANK YOU FOR YOUR PATRONAGE!<br />
MORECRAFT<br />
CONSTRUCTION<br />
Vinyl Siding Specialist<br />
Windows<br />
Doors<br />
Roofs<br />
Gutters & Leaders<br />
Decks<br />
Fully Licensed & Insured<br />
Architectural Services Available<br />
631-584-7010<br />
– Lifelong <strong>St</strong>. <strong>James</strong> Resident –<br />
SUPPORT YOUR LOCAL MERCHANT!<br />
License Number 9604-HI<br />
OUR TOWN • DECEMBER 2008
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