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Olim Empowered! Seniors Empowered!

Wait, what do these two groups have in common? What about Israeli seniors – don’t they already know everything?

What each of these groups has in common with the others, is that each is missing a piece of the puzzle, through no fault of their own.

Here are some “day after” scenarios:

Finances: Olim and seniors need to have planned for their financial future, budgeted and allotted funds for various needs, before they became Olim and seniors. Afterwards, before it’s too late, planning is also useful. Where is your money coming from? Overseas? Your local employer? Your pension fund?

How many of us, who have worked at more than one job, know precisely what pension funds we have monies with?

Insurance: How many of us have exact duplicate medical insurance? How many of us have life insurance policies that do include savings? Who has a policy that does not? Who just turned 70 (mazal tov!) and no longer has life insurance altogether?

The Future: No matter what your marital status, or the size of your family YOU MUST HAVE A WILL. I cannot stress this enough. I know widows who are chained to their houses, because their children, their new partners in ownership (there was no Will) do not want to sell the house. I know children from a first marriage, who live abroad, wanted nothing to do with their late mother’s estate (again, no Will), and had no choice but to travel for hours in order to sign forms at an Israeli Consulate. They actually had to pay to give up their legal portion in the Estate.

Olim and seniors face a variety of potential complications, when they reach their special milestone;  I can assist, so that it doesn’t become a millstone around their necks.

The contents of this blog do not constitute legal advice; these are merely suggested scenarios.

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