Childfree Life by Design Planning for Parents: What If Your Parents Run Out of Money? Ep 136
Planning for aging parents is hard. It’s even harder when there’s no financial safety net.
In this episode, Dr. Jay and Bri walk through the real-life challenges of supporting parents who may not have the means—or the plan—for their long-term care. From boundaries and Medicaid to power of attorney, family dynamics, and even “granny pods,” they share strategies that help childfree adults show up for their family without losing themselves in the process.
We'll cover:
- How to approach difficult conversations with empathy (and honesty)
- What documents matter—and how to access or create them
- The difference between helping and overextending yourself
- What long-term care might really cost you
- Smart ways to support without going broke
Mentioned in this Episode:
- NokBox: https://www.thenokbox.com
- Schedule your Childfree Wealth Checkup: https://childfreewealth.com/schedule-a-checkup/
- Freewill.com: https://www.freewill.com
- Interested in a Parent Checkup? Email us at media@childfreewealth.com for more info!
- Sign-up for our Weekly Newsletter: https://bit.ly/cwnewsletter2
#ChildfreeWealth #FamilyFinance #LongTermCare #EstatePlanning #MedicaidPlanning #Boundaries #NoKidsNoProblem #FinancialIndependence
About Childfree Life by Design:
Childfree Life By Design is dedicated to helping Childfree individuals thrive by providing resources, guidance, and community. We recognize that when you've made a decision roughly 75% of the population doesn't make, conventional wisdom simply doesn't apply to you. Our mission is to help you design a life that works for you, covering everything from finances and relationships to career decisions and building support networks that will actually be there when you need them.
Connect with Us:
Ready to design your ideal Childfree life? Connect with our financial planning team at childfreewealth.com or learn more about estate planning at childfreetrust.com
Join the conversation on social media:
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LinkedIn: https://www.linkedin.com/company/childfreeinsights
YouTube: https://www.youtube.com/@ChildfreeInsights
Disclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast...