When you’re suddenly put in charge of an aging parent’s finances, the emotional toll is heavy, and the financial fallout can be even heavier. In this episode, Jean Chatzky is joined by certified financial planner and MarketWatch columnist Beth Pinsker, author of My Mother’s Money: A Guide to Financial Caregiving.
Together, they unpack Beth’s personal journey of managing her mother’s finances through illness, surgery, and estate settlement. Even with decades of experience writing about money, Beth found herself caught off-guard by just how complicated — and expensive — caregiving can be without the right documents and conversations in place.
💬 Featuring: Beth Pinsker, CFP, MarketWatch financial planning journalist
🎙 Host: Jean Chatzky, Founder of HerMoney
⏱️ Chapters:
00:00 – Introduction
02:32 – Even financial experts struggle with aging parent finances
05:00 – The home equity line of credit nightmare that stopped everything
08:19 – The importance of leaving a proper paper trail
09:05 – First steps: Understanding your parent’s income and expenses
12:08 – How to reverse engineer a budget from bank statements
14:05 – Dividing responsibilities among siblings
16:04 – The one email that could save you from court
17:14 – Power of attorney and health care proxy explained
19:09 – Bank account titling: Joint ownership vs transfer on death
21:01 – The risks of being on your parent’s bank account
22:44 – What happens to accounts when someone dies
27:01 – Three essential things everyone needs to do now
28:20 – Why you need access to phones and email
🔗 Resources & Mentions:
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