Money conversations make a lot of people feel uneasy, but it’s definitely a conversation that needs to be had with aging parents. Estate planning with aging parents is best done in advance.
Take it from someone who had to learn the hard way. As the caregiver for her parents, Kay Bransford was tasked with getting their finances in order. Although they thought they were prepared, when it came down to it, they weren’t and the task after they passed away was more challenging than it needed to be!
This experience inspired Kay to write her best-selling book called “MemoryBanc® Your Workbook for Organizing Life”. She is also a professional money manager who helps families manage cash flow, bill payments, and protect against fraud.
In this episode, Kay guides us through the necessary preparations for legacy planning. She explains the pros and cons of setting up a joint bank account, a trust, and power of attorney. We also raise awareness about the common money scams older people fall for.
Tune in as we navigate the dialogues of estate planning with aging parents, spouses, and blended families.
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