Financial Caregiving for Aging Parents: What You Must Do Now

Becoming a financial caregiver for an aging parent can happen overnight. And even financially savvy families can find themselves unprepared.

In this episode of Friends Talk Money, we talk with Beth Pinsker, author of My Mother's Money and personal finance writer at MarketWatch.

Beth shares what she learned while managing her mother’s finances during a long medical crisis, including:

• Why a durable power of attorney is critical
• The mistakes people make with Medicare
• How long-term care insurance really works
• IRS issues after a parent dies
• Estate planning gaps that cause family conflict
• What every adult child should do now

This is a practical and emotional conversation about money, aging, and protecting the people you love.

If you have aging parents or want to make things easier for your own children one day, this episode is essential.

Links:

• My Mother's Money By Beth Pinsker (Amazon)
• Terry Savage Personal Financial Organizer (Terry Savage)
• Estate Planning Search (Search Attorneys)

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