What are your priorities when planning for your future care?

In this episode of Your Future Self, we introduce you to our Financial Pillar of Care, which features special guests: The Caregiver Attorney, Amanda Singleton, and her husband, Ryan Singleton, a Consumer Affairs attorney from Singleton Legal.

Financial stress is overwhelming and can impact your overall well-being. Assessing the long-term financial impact of caregiving is critical.

Reduction or loss of income and increased healthcare costs often go hand-in-hand with caregiving. Ideally, financial plans were made by your loved one in anticipation of a need for long-term care. However, that is not the norm.

Our Financial Pillar is filled with real-life stories and expert advice to help you put a plan in place to keep your financial pillar level and firm.

Download Your Future Self Financial Care tips from Singleton Legal for this episode HERE

Summary - Show Notes

In this episode, hosts Monica Stanchula and Christopher MacLellan discuss the financial pillar of caregiving with experts Amanda Singleton and Ryan Singleton. They emphasize the importance of legal and financial planning, organizing, creating a budget, and separating personal and caregiving expenses. They also discuss the significance of signing documents as a power of attorney and the essential legal documents that caregivers should have. The conversation highlights the need for difficult discussions and caring for oneself and loved ones. The episode concludes with red flags for seeking legal advice.

Takeaways

Legal and financial planning is crucial for caregivers to protect themselves and their loved ones.

Getting organized and creating a budget are essential steps in managing caregiving expenses.

Caregivers should be cautious when signing documents as a power of attorney and ensure they understand their responsibilities.

Difficult conversations about end-of-life wishes and funeral planning are essential for caregivers and their loved ones.

Red flags for seeking legal advice include lawsuits, significant debt, and inability to pay monthly minimums.

Chapters

00:00 Introduction

02:21 Introducing the Experts

06:14 The Importance of Legal and Financial Planning

07:11 Getting Organized and Creating a Budget

10:53 Separating Personal and Caregiving Expenses

13:41 Signing Documents as a Power of Attorney

17:29 Protecting Yourself Financially

21:49 The Importance of Having Difficult Conversations

26:52 Essential Legal Documents for Caregivers

31:03 Presenting Life Care Documents at Hospitals

35:38 Taking Care of Yourself and Your Loved Ones

39:41 Red Flags for Seeking Legal Advice

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