Go To on Aging Parents: Smart Planning for Finances and Final Wishes

Kelly Corrigan Wonders

Kelly Corrigan Show

Society & Culture

4.8 • 3.1K Ratings

🗓️ 31 January 2025

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Steve and Jill Marshall from Silver Path Consulting are back to tackle two of the biggest challenges families face when helping aging parents: getting finances in order and planning final arrangements. They dive into why having a solid financial plan isn't just about numbers – it's about peace of mind and protection. From practical tips on finances to protecting against exploitation, they share wisdom that might just save your family some headaches. Then, they break down how to handle those tough-but-necessary conversations about final arrangements, boiling it down to three key decisions everyone needs to make. Whether you're just starting to think about these issues or already in the thick of it, this episode offers a road map for handling delicate topics with grace and clarity. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:24.5	Sign up for your $1 a month trial at Shopify.com slash setup.
0:43.7	This week's go-to is the final episode in our four-part series on helping aging parents,
0:49.7	Steve and Jill Marshall from Silver Path Consulting, are back to tackle two delicate topics,
0:54.1	financial planning, including fraud prevention, and making final arrangements. These conversations
0:55.4	are not easy, but having them early can make a big difference. Steve and Jill help guide me through
1:01.3	these exact challenges with my own parents, and today they'll share very practical wisdom to help you
1:07.2	and your siblings navigate the important choices ahead.
1:19.3	So do you guys work with people to figure out what the best housing options are and what the cost structures would look like?
1:21.5	And is that part of what you do?
1:23.3	Absolutely.
1:24.7	We would sit down with the family.
1:31.2	We would understand what the assets are and what the plans are for the future. And really, again, first, what are the wishes? But we can look through
1:38.3	the financial situation. We're probably going to want to have interface with the financial
1:43.3	planner because they're the ones that are so important in understanding, you know, if there's a different set of assets, there's the home, there's the retirement income, there might be a second home, all kinds of different things.
1:56.1	Building projections up to age 100.
1:59.5	Oh, my God.
2:00.2	We don't have a financial planner.
	...

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