In conjunction with the AICPA’s 360 Degrees of Financial Literacy program, a multi-faceted effort that encourages CPAs to take broad leadership roles in volunteering to educate the public, the MACPA has developed a Financial Literacy Task Force.

The Task Force needs volunteers to take charge of initiatives associated with the promotion of financial literacy to every income group, demographic and geographical location in Michigan.

As its first initiative, the Task Force will collaborate with Hospice of Michigan (HOM), who has partnered with MACPA to dually promote financial literacy and encourage CPA participation in public service activities.

Specifically, HOM provides specialized health care services for people with terminal illnesses and support for their loved ones, impacting more than 16,000 lives annually. HOM represents a diverse demographic of populations, including minorities, low-income families and children.

The financial impact on end-of-life planning for families can be devastating. While patient hospice care is covered by insurance programs, HOM does not have a program for providing families with financial counsel. The burden on these families, whether losing a child, an adult loved one or a parent, is monumental. Often families are unprepared for the processes that must be undertaken to handle an estate.

The MACPA Financial Literacy Task Force will be charged with developing materials, including checklists and directives, for families to utilize in end-of-life planning for loved ones. HOM has been approached by several organizations to initiate a similar partnership; however this largest provider of hospice care in Michigan has asserted they will only partner with objective business advisers who have the experience and integrity to provide such an invaluable resource.

Volunteer to serve on the task force or get involved with the HOM initiative today. If not CPAs, then who?

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