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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Your Future Self
Do you live everyday with a sense of fulfillment and joy?
Do you understand that helping others should not hurt you?
Brought to you by Credit for Caring and The Whole Care Network, Monica Stynchula and Christopher MacLellan team up once again for a lively discussion on how and why planning for your future care now, is in your control!
We believe it is necessary to say NO sometimes, we'll teach you how to do that. In fact, we will urge you to fill your cup before you fill up others (a very hard concept for caregivers to embrace). And lastly, we discuss the mistakes we made by not putting ourselves first.
Growing up in the 1960's aging was "Far Out."
Planning for your future care now, can start today!
Monica is the Founder and CEO of REUNIONCare, Inc. a health information technology company and Credit For Caring caregiver marketplace partnering with Medline Industries. She is the Executive Director of the Caregiver Accelerator helping 43 companies enter the $72 billion caregiving marketplace.
She was a featured speaker at the 2017 Seoul 50 Plus International Forum in Seoul, South Korea and 2018 Ancona, Italy world premier Longevity and Blue Zone InnovAging symposium as well as many domestic caregiving conferences. Her company, REUNIONCare was a finalist for the 2019 International SilverEco Ageing Well Innovation Award in Tokyo, Japan.
Affectionately known as “The Bow Tie Guy" in the vast network of family caregivers, Christopher MacLellen is the Author of "What's The Deal with Caregiving" and the host of Healing Ties podcast featured on The Whole Care Network and Co-Host of How We Got Hear, Your Future Self and It Takes A Team to Care podcast.
The story of Chris and his deceased partner, Richard Schiffer was chronicled in a 2015 Pulitzer Prize nominated story “In Sickness and In Health: A Couple’s Final Journey” about their journey of caregiving. Seen by over 500,000 people world-wide the story told of the challenges that LGBT partners have in dealing with the medical and legal system, but it also told of the love and joy that Richard’s last years had on their relationship.
Chris' masters degree thesis, Caregiving, Stress and its Impact on the Work Place was accepted by the faculty at Gonzaga University in 2016 where he earned a masters degree in Leadership and Communication.
Chris founded the Whole Care Network in 2016, presents regularly on topics that impact family Caregivers and now is Aging Gayfully after caregiving has ended.