Questions You Wished You Asked Your Aging Parents

Disclaimer And Huddle Up

0:00 Ed Beemiller: The financial huddle does not provide tax, legal, financial, or other professional advice. Listeners are encouraged to consult with their own advisors in these areas. Alright, everybody, huddle up. Play Huddles in. This is the Financial Huddle. Ready?

0:14 Brian Minier: Well, hello, everybody. Welcome back to another episode of the Financial Huddle. So glad that you are here. As always, I have my buddies, Brian Fleming.

0:24 Ryan Fleming: Buddies, not partners in the current compondering. That's right.

0:28 Brian Minier: Huddlers, great to see you. Thanks for tuning in today. And to my left, Mr. Edward B. Miller.

0:34 Ed Beemiller: Hello, hello.

0:35 Brian Minier: Patton again. Hello. My buddies. That's right. How you guys doing today, buddies? How you feeling? Feeling pretty good. Yeah? Feeling pretty good.

0:44 Ryan Fleming: Yeah. Fall time playing. You know, fall time's amongst us. Fall time families back at school. You have moved my daughter back in. My youngest is a freshman in high school, and my my my oldest is in the job sector growing up.

0:58 Brian Minier: Yeah.

0:58 Ryan Fleming: Times are changing. Seasons are changing.

1:00 Brian Minier: Yeah. How about you, man? Status quo? No, no.

1:03 Ed Beemiller: I got the grandbaby.

1:05 Brian Minier: It's all the huddlers the uh yeah.

1:06 Ed Beemiller: First time uh first time grandparents. My daughter uh blessed us with uh a little boy, Harvey.

1:14 Ryan Fleming: Great name.

1:15 Ed Beemiller: And uh, you know, so we're we're we're looking uh Harvey's you know couple months old. And uh what's your grandpa name?

1:23 Ryan Fleming: It's do you have one night called?

1:25 Ed Beemiller: Let me tell you. We had more discussions about a grandpa name. What's your name?

1:28 Brian Minier: Grandpa. Grandpa.

1:30 Ed Beemiller: My name's Grandpa. You gotta be right, you gotta do that.

1:32 Brian Minier: You gotta do better than that.

1:33 Ed Beemiller: Why do why do I need why do I need a special name? Grandpa What did you call your grandpa?

1:39 Ryan Fleming: Um, well, I didn't know my grandpa. So my grandfather died at four.

1:47 Brian Minier: Papa, I think I called him. Yeah, yeah.

1:50 Ed Beemiller: I'm just yeah, I'll let him listen, I'll let Harvey choose when he gets old enough to start speaking.

1:55 Brian Minier: He's a new Huddler. We're happy to have him on. So congratulations, granddad. Yeah, that's awesome. Yeah, yeah. It it is that fall time.

Why These Conversations Get Avoided

2:03 Brian Minier: Uh, this is always an interesting time for me where uh my parents have a place in Chentrum, Michigan, and this is about that time that uh we start to close it up and and move all of the boats out of the water and uh all the equipment in the garage. And yeah, it's kind of uh that's cumbersome. Winter eyes. Winter eyes, you know a little bit about the floor.

2:24 Ryan Fleming: Oh yeah, not Florida, but those uh Michigan winters can get harsh.

2:27 Brian Minier: It's very very harsh to protect. So with that, my dad's up there right now, and and I try to talk to him, try to get a hold of him every day, and just how's it going, what kind of things you need done, and and so you know that that leads into the topic of what we're going to be reviewing today, which is questions you wish you asked your aging parents. And and this is something where I don't think this topic gets enough attention. This is something where I feel more people that we've talked to, I get a little disappointed because they either avoid these conversations or people just don't want to have them.

3:05 Ryan Fleming: It's not fun. No, it's it's it's not. It's it's not fun, it's messy. So yeah, I let's ground the conversation. Yeah. And and let's let's say, you know what time it is?

The Caregiving Stats That Hit Hard

3:15 Brian Minier: Ed, what's your what time is it?

3:16 Ryan Fleming: It's stat time, fellas.

3:21 Ryan Fleming: Always a favorite here on the Huddl uh nation. Stat time is we love it. It's part of who we are. We love it. And Huddlers are facts. Yeah. Facts are facts. Facts don't care about your feelings. Huddlers, uh, tune in. This is going to be a little sobering, but uh per the Census Bureau, uh, it projects that older adults will outnumber children in the United States around 2029. And uh the CBO projects uh, you know, that that beginning here pretty soon that 51 million Americans are already caring for someone age 50 or older.

3:59 Ryan Fleming: Those caregivers those caregivers now average 26 hours of care per week, and they've typically been doing it for about five years. Nearly one quarter are caring for someone with memory impairment or dementia. So that might be touching uh you or your family uh huddlers out there, or you may know people that are doing that. We we know people specifically that's going through that uh immediately right now.

4:26 Ed Beemiller: But we know people sitting at this table. At this table.

4:30 Ryan Fleming: Those facts are actually true. Right.

4:32 Ed Beemiller: And those are non-professional hired caregivers.

4:36 Ryan Fleming: Let's get into this. Yeah. So so across this caregiving more broadly, there's now, Huddlers, 63 million American caregivers, almost one in four adults, up roughly twenty million in only the last decade. It's good odds that's gonna hit somebody. Yeah, no. And nearly a third are uh simultaneously raising children while caring for this adult. And sometimes this is also the reason why some of our clients have to like retire early. Yeah. All right. It's not that they want to, it's that they have to. So we're not simply facing an aging population huddler.

5:13 Ryan Fleming: We're facing a caregiving, a financial planning, and a family communication issue. And like we always talk about, lack of preparation is a major part of this. And the Pugh Foundation found, lastly, that uh among all Americans in their 60s, only about 46% have a will, and 44% have a living will in advanced directive. And we hit upon this a little bit when we had Dirk Winkler on. Um, and even among parents that are 65 or older, only 44% have discussed with their uh adult children where they want to live if they could no longer live independently.

5:52 Ryan Fleming: And this sets the groundwork for why we think this topic is so important uh to talk about and and address today on the on the Huddle Nation.

6:01 Ed Beemiller: Yeah, and it it's not just to talk about and discuss, you have to take one more step and actually document it. Yeah. Yeah. And that's you know, which we've talked about with with Dirk, you know, in previous episodes about estate planning and things. If it's not written or if it's not part of a document, whether it's a a will or a living trust or some of their documents, then you you end up with potential you know conflict within family saying, Well, mom told me this. Well, she didn't tell me that.

6:31 Ed Beemiller: And you know, so there's just a lot of very important things.

6:34 Ryan Fleming: That's why these questions are on the address.

6:36 Brian Minier: The documentation is so important. Oh, yeah. And having everybody together doing this is really important. So yeah, Ryan, you alluded to it. We have we have some questions that we put together that we thought for the Huddlers would be really helpful uh as as you start to prepare and have these conversations with your loved ones and and with your aging parents.

What The Last Chapter Looks Like

6:55 Brian Minier: So Ed, I think you got a couple questions first uh to kick us off.

6:59 Ed Beemiller: Yeah, and uh with these questions, I'm I I can speak from personal experience on a lot of these things. So I'm gonna kind of interject. And uh, Brian, I know you you you've had some of this.

7:11 Brian Minier: It's it's very personal for sure.

7:12 Ed Beemiller: Yeah, these aren't made up stories. No, they're not it's stuff that hits on. You know, the first one, you know, which is really this is just the the general start-off question, you know. As as our parents are aging, and and you know, I don't have both my parents, you know, still. Um, you know, mom and dad, what do you want the last chapter of your life to look like? You know, it's like, oh wait, well, when do we have that conversation? Right. And I had we we kind of had that conversation with my parents because you know, I grew up in a small town, Shardon, Ohio, up northeastern Ohio, and my my dad had um you know had some heart issues, had some breathing issues, had a number of medical issues, and once myself and my two brothers had gone out of the house, gotten her own family, something else, it really fell on my mom.

8:05 Ed Beemiller: And so we kind of had that question to say, all right, mom needs some assistance because it's wearing her down, taking care of my my dad, you know, and bringing the doctor's appointments, a lot of a lot of different things. And in that instance, it it basically triggered them selling their home that we grew up in because they knew it was the right thing to do at that time, and moving down to be closer to to myself and one of my my middle brother so that we could help, that we could help you know alleviate some of that burden on my mom.

8:43 Ed Beemiller: We could be there for them, you know. But they chose that, they chose that. But it's it's it's having discussions. The first discussion was probably uh we're not moving. We got two and a half acres. We uh our neighbors, we've lived next door to each other for 50 years, or good for all our friends are here, but it finally came down, and it was my my dad who you know had these different ailments that said it's just not fair to my wife, to our to you know, to mom, yeah, from that standpoint. So they made this transition.

9:14 Ed Beemiller: What an honorable thing. So they made that transition, but that that's a that's a discussion that is inevitable. Sure. You could avoid it. You can avoid it, you could avoid it, but it's just like well, it's like not having a will or you know, well, and not only what's your next chapter look like, but what if what you want can't happen?

9:32 Brian Minier: Right. Then what? Right. How do you pivot?

9:35 Ed Beemiller: So, you know, Ryan had mentioned just briefly in the stat time, you know, one of the things if you couldn't safely live where you live now, what would you want? You know, and okay, so would you want to stay in your house, but maybe get some type of help? You know, someone will come in, you know, several times a week, maybe help clean or help do different things, take you to doctor's appointments, you know, you can hire people to do that. Do you want to downsize? Is that house too you know too big for you now?

10:05 Ed Beemiller: You just can't take care of it, you know. Dad can't be out on the tractor for three hours anymore, you know, that kind of stuff. And inevitably, a lot of times it's moving closer to help, right? Because if the kids have moved away, often you're gonna see the little older parents moving back towards the children because you have that support network you know going on there. And then the one of the toughest really discussions is the independent living and assisted living. When there are so many families that you know are both husband and wife, both spouses are working, they can they they cannot stay home and take care of the parents because financially they have to have those two incomes, right?

10:53 Ed Beemiller: Then it becomes a decision of all right, are they still healthy enough and aware enough and active that it's truly independent living, which you know we hear of all these senior, you know, uh communities and things like that. And a lot of these facilities now basically are set up so that you don't have to move out of the community. You go independent living. As you need more care, it turns into assisted living. If you have issues with dementia, Alzheimer's, memory, then it goes even further into what is referred to politically correct memory care units.

11:27 Ed Beemiller: Used to be what we knew as nursing homes. It's kind of like, oh, that's where you go to die. Well, you know, not not so much anymore, but these are tough.

11:35 Brian Minier: I have a family member that's that's there right now, started independent care or independent living.

11:40 Ed Beemiller: Yep.

11:40 Brian Minier: And uh some things happened, fell, and memory started getting worse. Now she's in assisted living.

11:46 Ed Beemiller: Yeah.

11:47 Brian Minier: Memory care is also in that building, so we're anticipating if she continues to live a few years more, she will probably end up in the memory care. And so a lot of the facilities, like you said, are being built for that track.

11:59 Ed Beemiller: Yeah.

Housing Options And When To Pivot

12:00 Ed Beemiller: And kind of the follow-up question with that is what would cause us to know that it's time to do something with your parents, right? That it's it's like taking the car away.

12:12 SPEAKER_02: Yeah.

12:13 Ed Beemiller: You know, once again, uh a very difficult decision. But you know, my personal experience with my mother-in-law. My my father-in-law passed away about 12, 13 years ago out in the uh Boston East Coast area. We moved her here, yeah. Um, and she lived with us for several months, but then she was still active enough that we moved her to an independent assisted living facility. Very nice facility. I mean, I'd live there, you know, honestly. These things are some of them are nice. There's a lot of really nice ones, but the problem is not a lot of people can afford those places because a lot of that is is really private pay.

12:53 Ed Beemiller: But in this instance, she was independent, but then started, you know, fading a bit, early onset dementia, went into assisted living, and honestly would have stayed there. The her situation now is six months into COVID. We moved her out and moved her back in with us. My wife, you know, we we had the ability, you know, who is in the medical field as a physical therapist, we were able to bring her home, and now it's you know six plus years that she's been back home with us. But my wife retired from being a full-time physical therapist.

13:28 Ed Beemiller: So those are the challenges. A lot of like we I just talked about, a lot of people can't afford to do that, right? Yeah, you know, there's so many different things, but uh understanding your parents' wishes is one thing, but then you have to throw in a dose of reality to say, okay, when this happens, what are the viable options? Because it it doesn't just affect your parents, it affects the entire family.

13:54 Brian Minier: This gets really difficult. As you mentioned, like how do you know when those transitions are supposed to take place? We had a story with with my mother-in-law where she was in independent living and had a dog, loved that dog, that dog was everything to her. And I've shared the story with you guys where the dog was just becoming too much for her, and it was bothering some of the residents and jumping on people, and and we had to take that dog away. And we had to come to a decision. Well, do we move her to an apartment close to us?

14:22 Brian Minier: Do we leave her there without the dog? And that was a very difficult decision. Well, what made us take the next step towards assisted living was she kept falling.

14:32 unknown: Right.

14:32 Brian Minier: And she fell and she hurt herself, and we knew if she couldn't even walk without the dog, there was no way she was going to be able to take care of herself with the dog. Yeah. So that that was one of the trends. And that is and sometimes those difficult situations have to occur before you know it.

Who Can Decide If You Cannot

14:46 Ed Beemiller: And another big question, you know, if something happened tomorrow, who is legally allowed to make decisions on your behalf? And this is a huge question because you know, life happens, right? Everyone keeps going along, I don't need to worry about that, that's not gonna happen to me. Well, then it happens. And and in excuse my language, at that point, you're you're shit out of luck in in many cases, because what haven't you done? And this goes back once again to the previous episodes where we've talked about estate planning, wills, living trust, and those things, is and we ask all of our clients, do you have a will?

15:24 Ed Beemiller: That's something you should be asking your parents. Do you have a will? Okay. And is it current? Oh no, we did it 30 years ago, you know, and okay, well, life's changed in 30 years, so you probably want to get that updated.

15:35 Brian Minier: Yeah, right, correct. Is the person who can make those decisions even alive at this time? And and again, the reality, like the facts, like I just read, uh 60% don't.

15:45 Ryan Fleming: Right.

15:45 Ed Beemiller: Right. And and that's what's scary. The the other thing is, especially when you're you're potentially caring for that individual, and uh they become incapable of making those decisions, then it's too late. So the previous you have to like my wife is the healthcare or medical power attorney for her mother. Okay? Because her her money ha her mom already has issues, dementia, and handicapped. So we know what directives she has, you know, a DNR, which means I don't want any, you know, do not resuscitate.

16:22 Ed Beemiller: I don't want any life-saving measures. But once again, that was something that was written and documented. It's not just if that happened, you didn't have anything. Well, I once had a conversation with mom and she said she did not want any emergency measures taken. Well, I've never had, you know, it's those type of things that need to be documented. Her brother, my wife's brother, is the financial power of attorney. So he handles all the financial matters. So once again, if you don't have someone doing that, you you as a son could not just go into their financial accounts.

16:53 Brian Minier: That's right.

16:54 Ed Beemiller: Right? That's right.

16:55 Brian Minier: Yeah.

16:55 Ed Beemiller: And if they're incapable of making a decision or enacting to get money or doing whatever they need to do.

17:03 Brian Minier: Yeah, Hudlers, if you hear anything today here, you can't solve this when the incident happens. It's too late.

17:11 Ryan Fleming: Yeah, and again, this is right. We we've been screaming this on past episodes. Uh it's the same narrative. Again, you have to have a plan. You have to get this stuff.

17:21 Ed Beemiller: Yeah, and these are questions you don't know until you ask, right? That's what this whole episode is asking. Another thing is, you know, directives, end-of-life directives. You know, we we know because she was up front, you know, my mother. She wants to be cremated. Okay. We know that. She doesn't want to make a big deal about, you know, having a you know, any type of wake or showing. She doesn't, you know, we kind of joke around and say, well, you're gonna be dead. So if we want to, if we want to have something to celebrate you, we're gonna do that.

17:53 Ed Beemiller: But one of the things she did, and I think we're seeing this more and more, she had my my my brother and I out. We we got to the house, and the purpose was meeting with a funeral home director. She prepaid for her entire funeral. She goes, I don't want that to be a burden. When I die, this is what I want to happen. And I don't want it to be a concern to anyone. And she got out of it. You know, you you talk about economical, I mean, I think it was a couple grand.

18:27 Brian Minier: Yeah. But you've had those conversations.

18:30 Ed Beemiller: Right, but we've had those conversations, and You're in the minority. What she's able to do is her directives are being followed. Because she made them known, she's documented things.

18:41 Ryan Fleming: So and and you know, we don't want it to happen anytime soon, but when she does pass, it's it's going to be that much smoother for your for your family because of that. Because of that. It's not easy.

18:54 Brian Minier: It's hard enough, but not having those type of situations to deal with. You know, a couple other questions is where is everything? Is a question that you should be asking your aging parents.

Find Accounts Documents And Passwords

19:04 Brian Minier: So bank accounts, investment accounts, do you have IRAs? Do you have Roth IRAs? Do you have a pension? What's your Social Security information that may impact your surviving spouse? Is there life insurance? Are there other financial products that how do how are those accessed? Who's the beneficiaries on those because we've talked about the beneficiaries? That information supersedes a will or a trust. So is that up to date?

19:30 Ed Beemiller: But take this even one step further on the planning side of it. You can't wait till they're you know one foot in the grave because what if they are comfortable in their retirement and they have additional assets that are say pre-taxed? And we talk a lot about this tax planning. You know, how do we avoid that tax bomb if you're gonna pass assets to a non-spouse that are pre-taxed? Hopefully you can get there.

19:55 Brian Minier: Some people don't even know those accounts even exist. So you're you're right. Safe deposit box. That's a question that I wouldn't have even thought to ask. Like, is there one how about uh do you have a watt of cash in your joy? A lot of people about that, man. One of my dad's really good friends. Hit it in the wall. One of my dad's really good friends would on purpose hide cash around his house. And so like an Easter egg hunt. And so, like, if you're seriously, so if you're like cleaning the house and you just start throwing stuff out, he had uh his wife, his his uh who is a widow now, she happened to find like five thousand dollars in a drawer.

20:32 Ed Beemiller: If she wasn't careful, she would have just thrown out that because what happens if that individual you know has some memory issues from early onset dementia.

20:40 Brian Minier: Well then he doesn't remember, or he or she doesn't remember where they burned. Asking all of that, do you have an attorney? Do you have an advisor, an agent? What about digital assets? Here's another thing. What about your passwords? Uh we've experienced this with my mother-in-law, and luckily she was of still right mind to help us with this. We know all the the two-level of authenticators. So not only if you know the passwords, then it goes to your cell phone. And what if you don't have access to that person's cell phone?

21:07 Brian Minier: What if they can't even remember the code to get on the cell phone? These are all things that you need to figure out beforehand.

21:13 Ryan Fleming: It it just hit me. So relative to financial planning, right? Financial planning uh podcast we're doing here, one of the things that we decide decided to do is provide all of our clients um with an estate, a family estate planning journal, uh, a three-ring binder uh that has a lot of these tabs in there to help these people organize their affairs or their wishes. That's right. And so, Huddlers, if you're if you're working with us, you know, we we want to make sure we get you one of those. But if if you're working with somebody else or somebody that you know is working with an advisor and they haven't provided that, uh, that is a very, very important value add because again, it ties right into the financial planning that that uh man or woman is doing for you and it addresses these issues.

21:58 Ryan Fleming: That's what a true plan. Should be doing, not just selling you a mutual fund. That's right. You know? And um I don't want to steal your time, right?

22:07 Brian Minier: So where is everything?

How To Pay For Long-Term Care

22:08 Brian Minier: And then the and then the follow-up to that is how are we paying for care if you need it? So if you have parents and and we have given a lot of statistics of there's a good possibility that at least one of your parents will need some sort of care. That's not free. How is that going to be paid for? Is that through do you have a long-term care policy? Do you have assets segmented or earmarked for that? Um you have a cash value life policy that has one of those writers that can act as a as a long-term care kind of buffer.

22:39 Brian Minier: Uh how are we paying for it? Or are is Medicaid paying for it? And if so, what does that mean? And do we have to spend on assets? And there's a there's a whole host of things that you have to figure out, but you got to figure out how is this being paid for? You can't just ignore it.

22:53 Ed Beemiller: Medicaid isn't paying for anything unless you're unless you're wiped out. Unless you're completely financially wiped out.

22:58 Ryan Fleming: That's right. Yeah. And and remember, Huddlers, uh, not that long ago, a few episodes, we had uh Alicia Barnett on, long-term care specialist, and I loved her uh saying or her quote was like uh if you don't have a plan to pay for for long-term care of these costs, your plan is your money. Yeah, right? So you've got you gotta have that. And so, yeah, I mean, I I've got a few questions here as well, too. Ed really did a good job hitting on a couple of these earlier.

Funeral Wishes And Estate Surprises

23:22 Ryan Fleming: Um, but well, one of the questions, it's just a must, is you know, what medical care uh do or don't you want? And Ed, you did a good job talking about that. And and and again, not to be redundant, but like, you know, comfort care, hospice, you know, organ donation. Um, you know, this is not a pleasant question to ask, um, but it's an enormous gift to, you know, like us or you, the the children of mom and dad, um, because if they can't communicate, then who's going to speak for them? And so just it's important to know that.

23:55 Ryan Fleming: Uh, and you know, healthcare, power of attorney, all that good stuff is very important. So make sure you're asking the questions, what medical care do and don't you want, and make make that crystal clear. The second question that I wanted to throw out there, uh, and Ed hit upon this as well, too, is you know, what do you want for your funeral arrangements? What what do you want those to look like? Um, in my family, last year I I lost my grandmother of 94 years old. And but when I was I was one year old, um, I didn't know my my grandfather on my dad's side.

24:26 Ryan Fleming: Uh I was only three years old when his wife, my my grandma Fleming died. Um my real grandpa uh died when he was 37 years old. My mom was only my mom was only 13 years old. And so growing up for me, I didn't have this robust grandma and grandpa type of synergy going on. But I I I obviously was here for my grandmother who lived a long life, and and I can remember her. I would always stop over at her house. Uh she lived in a little uh uh apartment in Grove City after I would speak there sometimes. I'd speak at Grove City High School and I would always stop in and give her a hug and tell her I loved her.

25:01 Ryan Fleming: But I remember her specifically telling me that she has a life insurance policy for like 10 grand. She's already got the plot of land next to you know grandpa. And you know, just she already had it all mapped out, and she would always say, Over there in the corner is some things that I want you guys to do. And then this safe over here is this, that, and the other. And so she was thinking about that and even wrote a letter, you know, things like that. So um that's important. You know, I I I would have never known that my mom and dad, uh, they don't want to be buried, um, they want to be cremated.

25:31 Ryan Fleming: Um, it it's it's very important to them. I would not have known that my dad wanted a military service. He he was in the Navy, and he didn't really talk about that a lot growing up. But over the past several years, he's he's actually spoken up and said that when he passes away, it would mean a lot to him for them, you know, to play taps and have a military service when he passes away. So that's good for my brother and I to know. The third question is um, and this might be, you know, one of the I think this might be my favorite question.

26:00 Ryan Fleming: Is there anything about your estate that could surprise us? Yeah. And man, I mean, it this isn't like how much money am I getting or not getting. These are things like, are there gonna be unequal inheritances? And sometimes like un sometimes unequal inheritance doesn't mean that it's fair or unfair. You you would want to know that maybe one child's gonna receive the house um and and another person's gonna get the diamond ring or the or the or the property or loans previously previously made to children and how that's gonna reduce what the parents are gonna give them.

26:32 Brian Minier: Good friend of mine who has four sons, he told me he's like, I had that unpleasant conversation. He's like, they're not they're not getting equal amounts when they pass.

26:41 Ryan Fleming: We have a couple clients right uh that I think about uh they have a child with special needs. Yeah. And and what does that look like when they pass? Um personal property, um, with emotional value, uh uh estranged family members, people that they've you know on their side of the family that we don't really know about, but they do and they want to help, or something like that.

27:00 Ed Beemiller: And so buckets of gold and silver coins sitting in their closets.

27:04 Brian Minier: Or maybe you never know.

27:06 Ed Beemiller: Right. You don't have a client that has that. Yeah, I have a number of clients. Yeah, I got a bucket of silver. What are you gonna do with it? I don't know.

27:14 Ryan Fleming: I I wonder if Reed, my oldest, is gonna ask me if I have a Shohei Otani on the rookie somewhere that he needs to know about when I die. Uh but I guess what I I want to say about that is is that um if you have if surprises on top of the grief of losing a family member, plus all the money things that go on with that can destroy families. And and and and we don't want that for anybody, and I mean much less our huddlers, but for anybody out there, and that's why these that's why these questions are just musts.

27:44 Ryan Fleming: They're they're absolute musts.

Choose Your Hard And Take Action

27:46 Brian Minier: Yeah, there's so much that goes into it, and and again, I want to reiterate if you wait till the situation happens, it's too late to have these discussions. It's just too difficult, and there's just too many moving pieces. So if you are younger or even middle-aged, I I would encourage you to force those conversations with your aging parents. If you're listening to this or you're watching this and and you're a senior and you don't want to have these conversations, I would beg you have that conversation with your adult children.

28:17 Brian Minier: This is gonna come up at some point, and it's a responsibility that you need to have those conversations, otherwise, you're doing a disservice to your family. And I know, Ryan, you always say this. This is not an act of of money or finances, it's an act of love. And so that's what I would implore everyone to make sure you have those conversations. It's it's gonna be difficult at some point, so you either have that difficulty now or you have it later. Yeah, choose your heart.

28:43 Ed Beemiller: Yeah, or update your your will or your trust and then share that with them. If you if you're not comfortable having a face-to-face conversation, make sure they get the information somehow.

28:54 Brian Minier: That's right. That's right. So we hope this was helpful. Um, Huddlers, as always, if you have questions about this or want to explore this more, we'd love to talk further about it with you. With that, thank you for your time. Make sure you you hit that follow button, like, subscribe. Ryan, Ed, thanks for being here. Everybody, have a great, great day, and we will see you soon. See ya.

29:16 Ed Beemiller: Huddlers, thanks for stopping by.

29:18 Brian Minier: Stay classy.

29:18 Ed Beemiller: Stay classy.