Kate Ashford
👤 PersonAppearances Over Time
Podcast Appearances
And this can be super helpful if you're in the position of having to move money around or pay bills or pay caregivers. That said, even though I had power of attorney from my mom, sometimes I had to have her on the phone while I made calls to people so that she could verify that I had her permission to discuss things or to take actions. So it depends on the company.
And this can be super helpful if you're in the position of having to move money around or pay bills or pay caregivers. That said, even though I had power of attorney from my mom, sometimes I had to have her on the phone while I made calls to people so that she could verify that I had her permission to discuss things or to take actions. So it depends on the company.
And this can be super helpful if you're in the position of having to move money around or pay bills or pay caregivers. That said, even though I had power of attorney from my mom, sometimes I had to have her on the phone while I made calls to people so that she could verify that I had her permission to discuss things or to take actions. So it depends on the company.
In that case, and I did have to do this in a couple of cases, you can fax over a copy of the power of attorney paperwork and then they will talk to you. But it's kind of a thing to get the right person on the phone and fax it to the right place.
In that case, and I did have to do this in a couple of cases, you can fax over a copy of the power of attorney paperwork and then they will talk to you. But it's kind of a thing to get the right person on the phone and fax it to the right place.
In that case, and I did have to do this in a couple of cases, you can fax over a copy of the power of attorney paperwork and then they will talk to you. But it's kind of a thing to get the right person on the phone and fax it to the right place.
Who has a fax machine now? Right.
Who has a fax machine now? Right.
Who has a fax machine now? Right.
So having health care power of attorney means, as you might expect, you can make health decisions on your parents' behalf. So if they are incapacitated, you can make decisions about their care. And even if they're not incapacitated, being a parent's health care proxy means you can speak to medical professionals about what's going on with them.
So having health care power of attorney means, as you might expect, you can make health decisions on your parents' behalf. So if they are incapacitated, you can make decisions about their care. And even if they're not incapacitated, being a parent's health care proxy means you can speak to medical professionals about what's going on with them.
So having health care power of attorney means, as you might expect, you can make health decisions on your parents' behalf. So if they are incapacitated, you can make decisions about their care. And even if they're not incapacitated, being a parent's health care proxy means you can speak to medical professionals about what's going on with them.
When my mom was in the hospital in her state and I was here in New York, I could call and get an update on what was going on with her care. I also had access to her healthcare portal so I could see test results as they rolled in. That was super helpful. That's a password that's nice to have if your parent is willing to share it, particularly if they're sick or getting a lot of medical care.
When my mom was in the hospital in her state and I was here in New York, I could call and get an update on what was going on with her care. I also had access to her healthcare portal so I could see test results as they rolled in. That was super helpful. That's a password that's nice to have if your parent is willing to share it, particularly if they're sick or getting a lot of medical care.
When my mom was in the hospital in her state and I was here in New York, I could call and get an update on what was going on with her care. I also had access to her healthcare portal so I could see test results as they rolled in. That was super helpful. That's a password that's nice to have if your parent is willing to share it, particularly if they're sick or getting a lot of medical care.
Honestly, this is really going to depend on your parents' financial situation and where they're sitting tax-wise. And this can vary from year to year because there may be years when they have more income, like they've sold a home and they may not need to or want to withdraw as much taxable income. And there'll be other years when they've got more wiggle room or they need to pull more out.
Honestly, this is really going to depend on your parents' financial situation and where they're sitting tax-wise. And this can vary from year to year because there may be years when they have more income, like they've sold a home and they may not need to or want to withdraw as much taxable income. And there'll be other years when they've got more wiggle room or they need to pull more out.
Honestly, this is really going to depend on your parents' financial situation and where they're sitting tax-wise. And this can vary from year to year because there may be years when they have more income, like they've sold a home and they may not need to or want to withdraw as much taxable income. And there'll be other years when they've got more wiggle room or they need to pull more out.
So to the extent that it's possible, a financial advisor or tax professional can really help you here. And advisors are really accessible these days. You can see them in person or online. Some of them charge a percentage of assets or charge by the hour or charge a fee for a one-time consultation.
So to the extent that it's possible, a financial advisor or tax professional can really help you here. And advisors are really accessible these days. You can see them in person or online. Some of them charge a percentage of assets or charge by the hour or charge a fee for a one-time consultation.