XENIA — The Greene County Retired Teachers Feb. 22 honored educators who died in the past year, as well as speaker Brittany O’Diam Horseman of O’Diam & Stecker Law Group talking on elder law.
The necrology service honored each recently deceased member and gave a rose to each respective family (or friend if no one in the family was there) in attendance.
O’Diam Horseman spoke about the final stages of estate planning. She talked about will-based estate planning for individuals who have individual name ownership of estate, and of trust-based estate planning where one creates the rules of how the estate should be dispersed.
Many other aspects of estate planning need to be addressed such as power of attorney health care directives, long-term health care plan (it can cost $7-9,000 per month for full-time elder care) with some protectives available for the healthy spouse. Veterans benefits were also discussed as in the Aid and Attendance benefit for 90 or more days of active duty service during an active war situation.
Members were also informed about current statewide deficits in planned benefits for retired educators, and manners in which representatives are preparing to address these deficits as in elimination or modification of the COLA, or elimination of the Health Care subsidy for those not yet on Medicare.
The spring quarter GCRTA meeting/luncheon will be 11:30 a.m. Wednesday, May 24 at United Memorial Methodist Church in Xenia. All Greene County retired educators are welcome.
Story courtesy of Greene County Retired Teachers.
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