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Beth Pinsker

👤 Person
130 total appearances

Appearances Over Time

Podcast Appearances

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

That's crazy.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

You know, you have to have somebody that you're close to and you trust.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

The thing about power of attorney is that there's responsibilities that come with it.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

There's accountability.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

And so if you are named as somebody's power of attorney and you are acting in that capacity, you have to act in their best interest and you can be held to account if you don't.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

So if you go in there with the authority to do it and siphon off money for yourself.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

somebody can call you on that and you have to produce receipts and be accountable for that.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

So that's why it's helpful in a family situation where maybe siblings are prone to fighting about these sorts of things, which, you know, name me a family where they aren't.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

You know, if you're going to end up fighting with the sibling, you want somebody to be the proper power of attorney because otherwise there's no accountability.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

They're just a joint owner on the account.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

They can do whatever they want.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

Nobody has any say over them.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

So the health care proxy gives somebody permission to make medical decisions for you if you're incapacitated.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

The living will lays out what you want them to do in certain circumstances.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

If you want to be resuscitated, if you stop breathing, if you want a breathing tube, if you want...

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

other extraordinary measures of any sort.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

When it comes time for using those things, the doctors are going to want some sort of document that says what the person's wishes are.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

It's best if it's just all written down and notarized and documented so that the family has something to go on and the hospital can trust that that's what the person actually wants.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

The whole point of all of this, like the whole why that my message is that I'm trying to make people understand is that we do these things.

Motley Fool Money
Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

These things are hard.