Financial Planning for Aging Parents: Long-Term Care, Final Expenses, and Family Protection

What financial plans should families have in place before aging parents need care?Natalie Kime returns to Real Estate Connections for a practical and eye-opening conversation with Mary Foerster about aging, caregiving, long-term care, final expenses, annuities, life insurance, and financial planning before a crisis.Natalie is a wealth strategist, financial professional, and host of The Chat with Nat Podcast. She works with individuals, families, and business owners to help them become financially literate and create customized financial plans that support their goals and dreams.In her previous episode, Natalie shared the deeply personal story of moving her parents from Utah to Texas after her mother’s vascular dementia diagnosis. In this follow-up conversation, Mary and Natalie talk about the financial mechanisms that helped Natalie support her parents while also preserving their independence.Natalie explains how her family organized legal documents, medical powers of attorney, financial powers of attorney, trusts, savings, annuities, and income planning. She also talks about what happened after her parents sold their longtime home of 43 years and how those proceeds were positioned to help cover possible future care needs.Mary and Natalie also discuss final expense policies, funeral and burial costs, cremation versus burial, why families may need access to funds quickly after a loved one dies, and how planning ahead can reduce stress during an already painful time.The episode also explores long-term care planning, life insurance with living benefits, fixed index annuities, self-insuring for care needs, capital gains conversations before selling a home, and why a wealth strategist often works alongside a CPA, investment advisor, and other financial professionals.This conversation is educational, compassionate, and practical. It is for anyone thinking about aging parents, future care needs, selling a family home, caregiving, retirement income, legacy planning, or how to make sure loved ones are not left scrambling when life changes.Guest BioNatalie Kime is a financial professional, wealth strategist, and host of The Chat with Nat Podcast. She works with individuals, families, and business owners to help them become financially literate and create customized financial plans that meet their goals and dreams.Natalie believes in removing fear and emotion from financial conversations by meeting clients where they are, walking alongside them, and helping them understand their options. Her work is relational, practical, and grounded in helping people make educated decisions about their future.In this episode, Natalie brings both professional expertise and lived experience to the conversation, sharing what she learned while helping her parents navigate aging, caregiving, selling their longtime home, long-term care planning, and final expense preparation.Guest LinksInstagram: https://www.instagram.com/nattykimeThe Chat with Nat Podcast: https://chatwithnatpod.buzzsprout.comSend us Fan MailThis episode is intended for informational purposes only and does not constitute financial or investment advice.