Ep 107 | Advice For Elderly Parents Care From Guest Expert Asha Paulose
episode
Wealthy After 40: Retirement Planning and Budgeting for Gen X
32 min
2 speakers
4 chapters
transcribed 1 month ago
Transcript
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How does Asha Paulose introduce long‑term care planning for aging parents?
Today's guest shares her insights on the first legal steps families should take, common mistakes to avoid and essential legal documents to have in place when caring for aging parents and planning for long-term care. Whether you're just starting this journey or looking for expert advice, this episode is packed with valuable information. Stay tuned for an enlightening conversation. welcome to wealthy after 40 where i help you turn retirement uncertainty into a clear actionable plan if you're thinking about retirement but feel unsure whether it's even possible i understand the gap between where you are now and where you want to be can feel overwhelming but it doesn't have to Hi, I'm Dailene Higgins, founder of Elevate Finances and your personal financial coach.
Having retired at the age of 50 and have enjoyed over two years of retirement bliss, I'm here to help you create your retirement dream and make it a reality. No more wondering, no more guessing, just taking action and building a future for yourself. Join me each week as I guide you through essential topics such as budgeting, cash flow, lifestyle planning, debt and savings, insurance, Medicare, and social security. Together we'll build a strategy to help you achieve the retirement you've always desired. It's time to shift from uncertain to unstoppable and make your retirement dreams a reality. Are you ready to align your generosity and retirement vision for a life of true abundance? Join Alison Patterson, generosity strategist, and myself, Dailene Higgins, financial and retirement coach for a powerful one-week Facebook event.
During this event, we'll help you align your generosity with your values, whether it be time or money, and help you design a retirement with purpose that excites and fulfills you. The Facebook group opens March 3rd, so join the group, answer the questions, and you'll be approved on March 3rd, ready for a transformational experience. Search Aligned Abundance in Facebook or click the link down in the show notes. Excited to see you there. Welcome Asha to the podcast. I'm excited to have this conversation today around aging parents and Medicaid and how that affects our financial planning and looking forward to the future. But before we dive into that, can you tell us a little bit about who you are, what you do and how you help people?
Thank you, Daylene, for having me. I am an estate planning attorney and elder law attorney. So I mainly handle retired individuals that need to kind of figure out long-term care and how it fits in with their retirement planning. I work mainly in New York and in the lower Hudson Valley and New York City area.
I'm so glad to bring your expertise onto here. Long-term care planning, I think, is something that is not talked about enough. And I did my own exploration after caring for my mother and chose what was best for me. I'm grateful to have somebody come in and help listeners make that decision. that part of life easier. I mean, it's not an easy road and it can be tough, but knowing these things can help us make it an easier road. So my first question is, what are the first legal steps families should take when they begin assisting aging parents with their financial and medical decisions?
I think speaking to an attorney would be extremely helpful. Very low pressure. Just tell mom or dad, hey, let's just talk to an attorney. We're not signing anything. We're not telling them all our business. Just let's just have a conversation. And so I think it eases them in. There's a lot of clients that come to me and do like a one hour session. I'll go through just the basics and It's a little scary to talk about long-term care, but I talk about it with them, explain it. And then they may not come back to me for a couple of years even, you know, but they have with them armed with that conversation and maybe even a couple of recommendations in writing for me. Sometimes the kids will come back with that letter and say, hey, remember this three years ago?
Let's chat now.
So it's nice to do that.
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Chapters
4 chapters
1
How does Asha Paulose introduce long‑term care planning for aging parents?
0:00–10:16
2
What steps help children begin conversations with parents about aging and care?
10:16–19:17
3
Which financial and medical documents should families gather before legal planning?
19:17–28:12
4
What are the essential health care documents (healthcare proxy, HIPAA, living will) and why do they matter?
28:12–32:11
Speakers
2 identifiedMore from Wealthy After 40: Retirement Planning and Budgeting for Gen X
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