What to Set Up Before You Become Your Parent's Caregiver

Managing a parent's finances from far away is hard even when "far away" means a couple of states. A valid, properly signed power of attorney still isn't a guarantee a bank will honor it, and the paperwork most families put off touches far more of daily life than anyone expects.

Beth Pinsker, CFP® and award-winning journalist who has covered personal finance for outlets including MarketWatch and The Wall Street Journal, joins the podcast to talk about her book, "My Mother's Money: A Guide to Financial Caregiving." Beth managed her own mother's care and finances from several states away, and in this episode she walks through why banks push back on valid power of attorney forms, why one family member usually ends up as "the doer" whether or not they agreed to it, and what changes when a trustee or heir lives in a different country than the estate itself. You will walk away with a clearer sense of what to set up now, while everyone is healthy, instead of during a crisis.

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WHAT THIS EPISODE COVERS
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00:00 - The distance every caregiver feels, whether it's states or oceans away
01:26 - How a "temporary" trip turned into nine months of caregiving
06:22 - Big-picture money talks versus the daily bill-paying reality
09:19 - Why one person always ends up "the doer" in every family
11:59 - What changes when trustees and heirs live in different countries
21:14 - The power of attorney fight that took three appointments at the bank, and the one document every family needs before a crisis

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ABOUT THE GUEST
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Beth Pinsker is a CFP® and award-winning journalist who has covered personal finance for MarketWatch and The Wall Street Journal, and the author of "My Mother's Money: A Guide to Financial Caregiving."

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ABOUT THE HOST
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Arielle Tucker, CFP® & IRS Enrolled Agent with Connected Financial Planning, is a cross-border financial planner based in Switzerland helping Americans living abroad navigate U.S. taxes, international investments, and cross-border financial planning.

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ABOUT PASSPORT TO WEALTH®
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Passport To Wealth® is the platform for current and aspiring US expats looking for trusted, fiduciary support. We connect globally mobile Americans with expert, licensed cross-border financial advisors, tax professionals, and relocation experts who understand the financial and legal complexities of life abroad.

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RESOURCES & LINKS
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Subscribe to the newsletter: https://www.passporttowealth.com/contact
Order "The Expat Money Playbook": https://www.passporttowealth.com/expat-money-playbook
Schedule a paid Expat Expert call: https://www.passporttowealth.com/about
Find a fiduciary expat financial advisor: https://www.passporttowealth.com/directory
Buy Beth's book: https://bethpinsker.com
Connect with Beth on LinkedIn: https://www.linkedin.com/in/bpinsker

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STAY CONNECTED
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Facebook: https://www.facebook.com/passporttowealth
Instagram: https://www.instagram.com/passporttowealthofficial
LinkedIn: https://www.linkedin.com/company/passport-to-wealth
Website: https://www.passporttowealth.com

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https://youtu.be/ebLcSUNheX8

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This video is for educational purposes only and does not constitute tax, legal, or financial advice. Individual circumstances vary. Consult a qualified cross-border financial professional before making any financial or tax decisions.
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#expatfinance #financialplanning #passporttowealth #caregivingsupport #powerofattorney