New York (April 17, 2003) - A new, broad-based guide developed by the American Institute of CPAs and the National Endowment for Financial Education is now available to help people affected by natural and man-made disasters recover from financial loss.
"Disaster Recovery: A Guide to Financial Issues" will be offered free of charge by local American Red Cross chapters across the country as a public service to aid people affected by disasters and their families.
The 32-page guide, which expands on previous publications issued by the NEFE, the AICPA and the American Red Cross, is divided into three parts. Part one outlines the steps to take immediately following a disaster, such as restoring household stability, managing an injury or disability, and financial decisions after death. Part two identifies steps to take in the weeks and months after a disaster to help people to settle into a more normal routine by establishing a steady flow of income, handling expenses and debt, and working through potential lawsuits. Part three details steps to take in planning for the future and moving on with life in areas such as assessing financial needs, getting retrained for a job, and estate planning.
"This Guide outlines the steps people affected by disasters should take to recover, and more important, includes a checklist of proactive steps to plan for the event of a possible future disaster and minimize the risk of loss," said Anat Kendal, AICPA Director of Financial Planning.
To request a copy of the guide, visit www.redcross.org/services/disaster/beprepared/financeprep.html or contact your local Red Cross chapter.
-- WebCPA staff
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