How to Prepare for Long-Distance Financial Caregiving

A valid, properly signed power of attorney still isn't a guarantee a bank will honor it. Beth Pinsker found that out the hard way while managing her mother's care and finances from several states away, an experience she turned into "My Mother's Money: A Guide to Financial Caregiving." Beth, a CFP and award-winning journalist, joins the podcast to walk through what financial caregiving actually looks like day to day, why one family member usually ends up doing it whether or not they agreed to, and what changes when the people involved live in different countries. ────────────────────────────────────────── CHAPTER TIMESTAMPS ────────────────────────────────────────── 00:00 - The distance every caregiver feels, whether it's states or oceans away 01:26 - How a "temporary" trip turned into nine months of caregiving 06:22 - Big-picture money talks versus the daily bill-paying reality 09:19 - Why one person always ends up "the doer" in every family 11:59 - What changes when trustees and heirs live in different countries 21:14 - The power of attorney fight that took three appointments at the bank, and the one document every family needs before a crisis ────────────────────────────────────────── ABOUT THE GUEST ────────────────────────────────────────── Beth Pinsker is a CFP and award-winning journalist who has covered personal finance for outlets including MarketWatch and The Wall Street Journal. She managed her own mother's care and finances from several states away and wrote about the experience in "My Mother's Money: A Guide to Financial Caregiving." ────────────────────────────────────────── ABOUT YOUR HOST ────────────────────────────────────────── Arielle Tucker, CFP® & IRS Enrolled Agent with Connected Financial Planning, is a cross-border financial planner based in Switzerland helping Americans living abroad navigate U.S. taxes, international investments, and cross-border financial planning. ────────────────────────────────────────── LOVE THIS EPISODE? ────────────────────────────────────────── Follow the show and leave a rating on Apple Podcasts or Spotify, it's the single biggest thing you can do to help other cross-border families find this show. ────────────────────────────────────────── ABOUT PASSPORT TO WEALTH® ────────────────────────────────────────── Passport To Wealth® is the platform for current and aspiring US expats. We connect globally mobile Americans with vetted, licensed cross-border financial advisors, tax professionals, and relocation experts who understand the financial and legal complexities of life abroad. ────────────────────────────────────────── LINKS & RESOURCES ────────────────────────────────────────── Website: https://www.passporttowealth.com Instagram: https://www.instagram.com/passporttowealthofficial LinkedIn: https://www.linkedin.com/company/passport-to-wealth Order *My Mother's Money*: https://bethpinsker.com ────────────────────────────────────────── This episode is for educational purposes only and does not constitute tax, legal, or financial advice. Individual circumstances vary. Consult a qualified cross-border financial professional before making any financial or tax decisions. ────────────────────────────────────────── Mentioned in this episode: Find your cross-border expert on the Passport To Wealth™ directory **Passport to Wealth is a proud member of the SwissCast Network** Discover more podcasts for English-speaking Switzerland SwissCast Network Pre-order "The Expat Money Playbook" Pre-order "The Expat Money Playbook" Click here to subscribe to our newsletter