Today's episode features a special guest who brings a wealth of experience both professionally and personally. Kathryn Peyton, a CERTIFIED FINANCIAL PLANNER™ with Abacus Wealth Partners since 2016, joins us to share her invaluable insights on managing the role of an executor. We'll dive into Kathryn's personal journey, where she combines her professional expertise with real-life experiences, such as caring for her aging mother. Kathryn will discuss the significance of car rides and open conversations with elder family members, the financial and emotional investment of being an executor, and insights on how to prepare for and manage this crucial role. Join us to explore how to navigate the complex yet rewarding responsibilities of being an executor with our esteemed guest, Kathryn Peyton.
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What You’ll Learn in this Episode
- The role of a geriatric care manager and the benefit it can have to your elder and you
- A few ideas on how to balance personal and caregiving roles
- How to foster open and meaningful conversations with your elders
- How to create space and opportunities for elders so you can learn more about them and their wishes
- The importance of having open communication when it comes to end-of-life desires and planning
- A few tips on how to alleviate stress on the elder and on you as the executor
- A few things you should keep in mind if you are named someone’s executor
- The importance of having accounts designated as “pay on death”
- The time commitment as an executor
- What you can do to make your work as an executor streamlined before the person’s passing
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