Planning for Parents: What If Your Parents Run Out of Money? Ep 136

Planning for aging parents is hard. It’s even harder when there’s no financial safety net.In this episode, Dr. Jay and Bri walk through the real-life challenges of supporting parents who may not have the means—or the plan—for their long-term care. From boundaries and Medicaid to power of attorney, family dynamics, and even “granny pods,” they share strategies that help childfree adults show up for their family without losing themselves in the process.We'll cover:- How to approach difficult conversations with empathy (and honesty)- What documents matter—and how to access or create them- The difference between helping and overextending yourself- What long-term care might really cost you- Smart ways to support without going brokeMentioned in this Episode: - NokBox: https://www.thenokbox.com- Schedule your Childfree Wealth Checkup: https://childfreewealth.com/schedule-a-checkup/ - Freewill.com: https://www.freewill.com- Interested in a Parent Checkup? Email us at [email protected] for more info!- Sign-up for our Weekly Newsletter: https://bit.ly/cwnewsletter2#ChildfreeWealth #FamilyFinance #LongTermCare #EstatePlanning #MedicaidPlanning #Boundaries #NoKidsNoProblem #FinancialIndependenceConnect with Us:Ready to work on building better financial habits? Connect with our financial planning team at childfreewealth.com or learn more about estate planning at childfreetrust.com.Follow Childfree Life by Design on your favorite podcast platform and join the conversation on social media:Instagram: https://www.instagram.com/childfreeinsightsFacebook: https://www.facebook.com/ChildfreeInsights/LinkedIn: https://www.linkedin.com/company/childfreeinsightsYouTube: https://www.youtube.com/@ChildfreeInsightsDisclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast.