#119 Things to Know & Do When Caring for a Parent or Grandparent

Caring for an aging parent or grandparent can be challenging, particularly if you are unprepared. When you find yourself in this situation, there is a lot to know and do, especially when it comes to legal and financial matters. However, with a lot of planning and preparation, you can work through these difficulties while remaining sane. Listen in as Jen and Ashley offer tips and advice on how to deal with this stressful situation without sacrificing your mental health. Meet Jen! Jen Narciso is the founder of Investor Mama and host of the Investor Mama Podcast. She believes anyone can get out of debt and achieve financial independence by getting educated, changing his or her habits, and changing their money beliefs. Her goal is to help as many moms and families as she can with their money journey so they can set an example for the next generation. Jen has two beautiful young children and one beautiful angel baby. In her “spare” time, she loves to travel, is an adamant reader on anything money related, and most importantly, likes to create memorable moments with her family and friends. “The sooner you could have these conversations the better. And also on the same token, if you don't have this stuff in place, definitely do it for your family as well. Because as hard as it is for you to have these conversations, you don't wanna be a burden onto your kids. And the more things you can prepay in advance for yourself also the better.” - Jen Narciso Timestamps: 00:00 - Introduction to today's episode 01:47 - Meet Jen 08:08 - Conducting research and learning about the disease 10:02 - Get your own support group 11:30 - Estate Planning 12:39 - Healthcare directive 13:29 - Having a will in place 14:09 - Power of attorney 14:30 - Prepare your parents' medical records 15:23 - Know where their money is 16:54 - Consult a local attorney 18:00 - Consult an estate attorney to help you move assets 26:56 - Be kind to yourself and know your limits and boundaries 29:11 - Consider looking for facilities that can provide them with the assistance they need 33:33 - How Jen took care of herself 37:59 - Last words of wisdom Starting and sticking to a money plan doesn't need to be overwhelming! Join my Money Plan Bootcamp where I'll teach you the 5 key steps for creating a money plan you can actually stick to...for FREE!⁣⁣ Go to www.budgetsmadeeasy.com/bootcamp and register today! And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes Book Recommendation: Slight Edge by Jeff Olson Resources and Links Mentioned: The Money Plan Bootcamp: www.budgetsmadeeasy.com/bootcamp Connect with Ashley: Instagram: www.instagram.com/budgetsmadeeasy Connect with Jen: Instagram: https://www.instagram.com/investor_mama/ Facebook: https://www.facebook.com/investormamapodcast Website: https://www.investormama.com/connect 19 Tips for Navigating Money in a Relationship: www.investormama.com Special Guest: Jen Narciso.