
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
Duración:00:00:01
- Introduce the topic of financial planning for aging parents 6
Duración:00:02:38
- Discuss the importance of being prepared for the financial challenges of caring for elderly loved ones 9
Duración:00:03:15
Chapter 2: Understanding the Costs of Elder Care 11
Duración:00:00:02
- Explain the various expenses associated with caring for aging parents 12
Duración:00:03:23
- Provide examples of potential costs such as medical bills, nursing home care, and home health aides 15
Duración:00:02:22
Chapter 3: Creating a Financial Plan 17
Duración:00:00:02
- Offer guidance on establishing a budget for caring for aging parents 18
Duración:00:03:34
- Discuss the importance of saving for future expenses and creating a plan for long-term care 21
Duración:00:03:16
Chapter 4: Long-Term Care Insurance 23
Duración:00:00:02
- Explain the benefits of long-term care insurance for aging parents 24
Duración:00:02:40
- Discuss how to choose the right policy and understand what it covers 27
Duración:00:03:08
Chapter 5: Medicaid and Other Financial Assistance Programs 29
Duración:00:00:03
- Describe the eligibility requirements and benefits of Medicaid for aging parents 30
Duración:00:02:37
- Provide information on other financial assistance programs that can help with the cost of elder care 32
Duración:00:02:17
Chapter 6: Legal Considerations 33
Duración:00:00:02
- Discuss the importance of having a power of attorney and healthcare directive for aging parents 35
Duración:00:02:48
- Explain estate planning and how it can help protect assets 38
Duración:00:03:10
Chapter 7: Communicating with Aging Parents 40
Duración:00:00:03
- Offer tips for starting conversations about finances and long-term care with elderly loved ones 41
Duración:00:02:58
- Provide strategies for dealing with resistance and support emotional well-being 44
Duración:00:03:09
Chapter 8: Financial Tips for Adult Children 46
Duración:00:00:02
- Share advice on managing your own finances while caring for aging parents 47
Duración:00:03:37
- Provide resources for financial assistance and support 50
Duración:00:03:48
Chapter 9: Planning for the Future 52
Duración:00:00:02
- Discuss the importance of planning ahead for your own elder care needs 54
Duración:00:02:50
- Offer guidance on creating a financial plan for retirement and future expenses 57
Duración:00:03:04
Chapter 10: Managing Family Dynamics 59
Duración:00:00:02
- Explore how to navigate family relationships and conflicts when caring for aging parents 60
Duración:00:02:43
- Provide strategies for working together as a family to make financial decisions 62
Duración:00:03:35
Chapter 11: Support Services and Resources 64
Duración:00:00:03
- Highlight available support services and resources for families caring for aging parents 66
Duración:00:02:58
- Provide information on local agencies, non-profit organizations, and government programs 69
Duración:00:02:30
Chapter 12: End-of-Life Planning 71
Duración:00:00:01
- Discuss the importance of creating an end-of-life plan for aging parents 72
Duración:00:02:43
- Offer guidance on communicating wishes and making decisions about medical care 75
Duración:00:02:55
Chapter 13: Coping with Financial Stress 77
Duración:00:00:02
- Address the emotional and psychological impact of caring for aging parents 78
Duración:00:02:24
- Provide strategies for managing stress and seeking support 80
Duración:00:02:51
Chapter 14: Staying Informed and Adapting to Change 82
Duración:00:00:03
- Emphasize the importance of staying informed about financial planning for aging parents 83
Duración:00:02:23
- Discuss how to adapt and adjust your financial plan as circumstances change 85
Duración:00:03:03
Chapter 15: Conclusion 87
Duración:00:00:01
- Summarize key points and takeaways from the book 88
Duración:00:01:25
- Encourage readers to start planning for the financial aspects of caring for aging parents sooner rather than later 90
Duración:00:02:41