Before the Crisis: How You and Your Relatives Can Prepare for Financial Caregiving

Robert Brokamp interviews Certified Financial Planner Beth Pinsker about the challenges of financial caregiving, emphasizing the importance of preparing for the possibility of managing a relative's finances or having someone manage your own. They discuss creating a "death file" and a cheat sheet containing essential financial information and legal documents like durable power of attorney, healthcare proxy, will, trust, and living will. Pinsker shares her personal experience of managing her mother's finances and highlights the difficulties and emotional toll involved. The conversation also covers strategies for discussing these sensitive topics with family members and the significance of tax loss harvesting as a year-end financial planning consideration.