Navigating Finances: Support for Adult Children with Aging Parents
Aethra Kalthix
This audiobook is narrated by a digital voice.
With a focus on long-term care planning and Medicaid, this book offers practical advice and strategies for adult children facing the challenges of ensuring their aging parents are financially secure. From understanding the importance of estate planning to navigating complex healthcare options, this resource provides valuable insights and tools to help families make informed decisions. With empathy and clarity, the author addresses common concerns and offers step-by-step guidance on creating a secure financial future for aging parents. Readers will learn how to assess their parents' financial situation, explore options for long-term care, and understand the benefits and limitations of Medicaid. The book also covers important topics such as legal considerations, estate planning, and reducing financial stress during difficult times. Whether readers are just beginning to plan for their parents' future or are already facing complex financial challenges, this book offers support and guidance every step of the way. With real-life examples and clear, easy-to-follow advice, Navigating Financesempowers adult children to take control of their parents' financial well-being with confidence and compassion. Through practical tips and expert insights, readers will gain a deeper understanding of the financial implications of caring for aging parents and learn how to navigate the complexities of the healthcare system. From creating a comprehensive financial plan to accessing resources and assistance, this book provides a roadmap for families to ensure their loved ones receive the care and support they deserve.
Duration - 1h 27m.
Author - Aethra Kalthix.
Narrator - Digital Voice Madison G.
Published Date - Monday, 20 January 2025.
Copyright - © 2025 Grant Buist ©.
Location:
United States
Description:
This audiobook is narrated by a digital voice. With a focus on long-term care planning and Medicaid, this book offers practical advice and strategies for adult children facing the challenges of ensuring their aging parents are financially secure. From understanding the importance of estate planning to navigating complex healthcare options, this resource provides valuable insights and tools to help families make informed decisions. With empathy and clarity, the author addresses common concerns and offers step-by-step guidance on creating a secure financial future for aging parents. Readers will learn how to assess their parents' financial situation, explore options for long-term care, and understand the benefits and limitations of Medicaid. The book also covers important topics such as legal considerations, estate planning, and reducing financial stress during difficult times. Whether readers are just beginning to plan for their parents' future or are already facing complex financial challenges, this book offers support and guidance every step of the way. With real-life examples and clear, easy-to-follow advice, Navigating Financesempowers adult children to take control of their parents' financial well-being with confidence and compassion. Through practical tips and expert insights, readers will gain a deeper understanding of the financial implications of caring for aging parents and learn how to navigate the complexities of the healthcare system. From creating a comprehensive financial plan to accessing resources and assistance, this book provides a roadmap for families to ensure their loved ones receive the care and support they deserve. Duration - 1h 27m. Author - Aethra Kalthix. Narrator - Digital Voice Madison G. Published Date - Monday, 20 January 2025. Copyright - © 2025 Grant Buist ©.
Language:
English
Chapter 1: Introduction 5
Duration:00:00:01
- Introduce the topic of financial planning for aging parents 6
Duration:00:02:38
- Discuss the importance of being prepared for the financial challenges of caring for elderly loved ones 9
Duration:00:03:15
Chapter 2: Understanding the Costs of Elder Care 11
Duration:00:00:02
- Explain the various expenses associated with caring for aging parents 12
Duration:00:03:23
- Provide examples of potential costs such as medical bills, nursing home care, and home health aides 15
Duration:00:02:22
Chapter 3: Creating a Financial Plan 17
Duration:00:00:02
- Offer guidance on establishing a budget for caring for aging parents 18
Duration:00:03:34
- Discuss the importance of saving for future expenses and creating a plan for long-term care 21
Duration:00:03:16
Chapter 4: Long-Term Care Insurance 23
Duration:00:00:02
- Explain the benefits of long-term care insurance for aging parents 24
Duration:00:02:40
- Discuss how to choose the right policy and understand what it covers 27
Duration:00:03:08
Chapter 5: Medicaid and Other Financial Assistance Programs 29
Duration:00:00:03
- Describe the eligibility requirements and benefits of Medicaid for aging parents 30
Duration:00:02:37
- Provide information on other financial assistance programs that can help with the cost of elder care 32
Duration:00:02:17
Chapter 6: Legal Considerations 33
Duration:00:00:02
- Discuss the importance of having a power of attorney and healthcare directive for aging parents 35
Duration:00:02:48
- Explain estate planning and how it can help protect assets 38
Duration:00:03:10
Chapter 7: Communicating with Aging Parents 40
Duration:00:00:03
- Offer tips for starting conversations about finances and long-term care with elderly loved ones 41
Duration:00:02:58
- Provide strategies for dealing with resistance and support emotional well-being 44
Duration:00:03:09
Chapter 8: Financial Tips for Adult Children 46
Duration:00:00:02
- Share advice on managing your own finances while caring for aging parents 47
Duration:00:03:37
- Provide resources for financial assistance and support 50
Duration:00:03:48
Chapter 9: Planning for the Future 52
Duration:00:00:02
- Discuss the importance of planning ahead for your own elder care needs 54
Duration:00:02:50
- Offer guidance on creating a financial plan for retirement and future expenses 57
Duration:00:03:04
Chapter 10: Managing Family Dynamics 59
Duration:00:00:02
- Explore how to navigate family relationships and conflicts when caring for aging parents 60
Duration:00:02:43
- Provide strategies for working together as a family to make financial decisions 62
Duration:00:03:35
Chapter 11: Support Services and Resources 64
Duration:00:00:03
- Highlight available support services and resources for families caring for aging parents 66
Duration:00:02:58
- Provide information on local agencies, non-profit organizations, and government programs 69
Duration:00:02:30
Chapter 12: End-of-Life Planning 71
Duration:00:00:01
- Discuss the importance of creating an end-of-life plan for aging parents 72
Duration:00:02:43
- Offer guidance on communicating wishes and making decisions about medical care 75
Duration:00:02:55
Chapter 13: Coping with Financial Stress 77
Duration:00:00:02
- Address the emotional and psychological impact of caring for aging parents 78
Duration:00:02:24
- Provide strategies for managing stress and seeking support 80
Duration:00:02:51
Chapter 14: Staying Informed and Adapting to Change 82
Duration:00:00:03
- Emphasize the importance of staying informed about financial planning for aging parents 83
Duration:00:02:23
- Discuss how to adapt and adjust your financial plan as circumstances change 85
Duration:00:03:03
Chapter 15: Conclusion 87
Duration:00:00:01
- Summarize key points and takeaways from the book 88
Duration:00:01:25
- Encourage readers to start planning for the financial aspects of caring for aging parents sooner rather than later 90
Duration:00:02:41