§ 21-217 Financial literacy and end of life preparation education.
AC § 21-217
a. Definitions. For purposes of this section, the following terms have the following meanings: Designated citywide languages. The term “designated citywide languages” has the same meaning as in section 23-2101*. * Editor's note: as set forth in L.L. 2025/034; intended reference is likely section 23-1101. End of life preparation. The term “end of life preparation” means information regarding legal or financial considerations relevant to end of life, including, but not limited to, the appointment of an agent to control the disposition of remains; health care proxies; last will and testament preparation; letters of competency; letters of intent; living will and living trust preparation; orders for life-sustaining treatment; and power-of-attorney designations. Financial literacy. The term “financial literacy” means financial planning, budgeting, credit management, reducing debt, and saving. Homebound older adult. The term “homebound older adult” has the same meaning as in section 21-216. Older adult center. The term “older adult center” has the same meaning as in section 21-210. b. Printed materials. No later than 6 months following the effective date of the local law that added this section, the department, in consultation with the department of consumer and worker protection, shall develop and publish materials to educate older adults about financial literacy and end of life preparation. Such materials shall be printed in the designated citywide languages, and incorporate accessibility features including the use of large print, legible fonts, clear and accessible language, instructive graphics, and braille. Such materials shall include: 1. General information about financial literacy; 2. Contact information for financial empowerment and tax preparation services provided pursuant to contracts with the department of consumer and worker protection; 3. Contact information for legal resources and legal services organizations that can assist in advising individuals in end of life preparation and common legal issues that may impact older adults; and 4. Contact information for the department or other relevant agencies or organizations that an older adult may contact to obtain additional information regarding financial literacy and end of life preparation. c. Distribution of materials.
1.The commissioner shall require older adult centers to offer the materials created pursuant to subdivision b of this section to older adults entering such centers. The commissioner shall also ensure that such materials are distributed to homebound older adults. Such materials shall be updated and distributed as necessary, or least once every 2 years.
2.The department shall post on its website, and update as necessary, such materials and make such materials available in the designated citywide languages. (L.L. 2025/034, 3/29/2025, eff. 3/29/2025)
