In this episode of The Ascent, Sam McGee from Crestmont Private Wealth discusses essential considerations for aging parents and their families. Covering topics like legal documentation, income planning, healthcare, family communication, and fraud protection, Sam shares practical advice and real-world experiences to help families navigate the complexities of aging and wealth management. Whether you’re planning for your own future or supporting loved ones, this episode offers valuable insights to ensure peace of mind and financial security.
Contact: info@crestmontpw.com
00:00 - Introduction & About Crestmont Private Wealth
00:43 - The Importance of Planning for Aging Parents
01:23 - Key Financial and Family Considerations
02:14 - Legal Documentation: Power of Attorney, Wills, Directives
04:49 - Beneficiary Designations & Routine Audits
05:49 - Income & Cash Flow: Social Security Decisions
06:48 - Timing Social Security & Spousal Benefits
07:52 - Family Communication Styles & Challenges
09:19 - Transparency and Annual Family Meetings
10:07 - Specifying Wishes & Estate Planning
10:47 - Shared Access & Trusted Contacts
11:58 - Technology for Safety & Monitoring
12:44 - Fraud Protection: Trends and Best Practices
14:33 - Consolidating Accounts & Simplifying Finances
15:13 - Recap: Key Takeaways for Seniors and Families
16:00 - Closing Remarks & Contact Information
Original Air Date: September 27, 2025 at 8:30am as heard on Boerne Radio 103.9FM
Contact: www.crestmontpw.com
Alec Walker in Houston: 831-280-5288
Sam McGee in Boerne: 830-368-2898
See omnystudio.com/listener for privacy information.
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