Preview Mode Links will not work in preview mode

Off The Wall

Aug 14, 2023

Caring for aging parents involves so many details, from medical and financial decisions to legal, long-term care, and end-of-life wishes. Statistics show there’s a clear disconnect between parents and children around these decisions, so it’s important to start talking about this with your parents early. We hope this episode makes it easier and less stressful for you to navigate the process. 

In this episode of Off the Wall, co-host Jessica Gibbs is joined by our client experience team, Cathleen Phelps and Cecelia Gilliam, along with Dean Catino, Co-Founder and Partner at Monument Wealth. 

Throughout the conversation, we provide tips for how you can support your aging parents, let them take the lead where they can, and make sure they’re feeling heard and loved through every decision. We walk through a well-thought-out checklist of how to financially protect and help prepare yourself and your aging parents. Then, the team offers advice and some general information about legal and estate planning, downsizing/moving, long-term healthcare needs, and even protecting your parents from scammers. 

The most important step is really to begin. You have to start. And knowing that it can be very difficult and sometimes awkward, knowing that this will most likely be a process, it’s an investment in your folks and that’s what everyone wants… Everyone’s relationship with their families are very unique and the pathway traveled forward will also be very unique.” 

  Dean Catino, co-Founder and Partner 

Please see important podcast disclosure information at  

Episode Timeline/Key Highlights: 

[00:33] Introducing our guests & the topic of today’s episode. 

[02:03] Why it’s important to start the aging conversation with your parents early. 

[04:23] Where to start (checklist): Financially protecting yourself and your parents.  

[15:05] Legal/Estate Planning: Essential documents your parents need and what you need to be aware of. 

[29:28] Long-Term Healthcare Considerations: What care needs will my aging parents have? 

[36:54] Senior Move Management: Tips for downsizing, moving, and organizing your parents’ estate. 

[41:25] Final Advice/Takeaways: Everyone’s path is unique. The goal is to focus on keeping your parents safe, healthy, and happy! Patience, kindness, and support is vital. 

Resources Mentioned: 


Planning Ahead:   

Thinking Ahead Roadmap and Financial Advocate Task List: 

From researchers at the University of Minnesota and Stanford Center for Longevity, and funded by AARP; a comprehensive toolkit that guides people to select someone they trust to help manage their money if financial decisions become too difficult in the future. 

“Start the Elder Care Conversation” from Kiplinger: 

Protecting Against Scams: 

EverSafe – Scans accounts for unusual spending, POA can be notified: 

Carefull – Online company that monitors for fraud and financial errors & provides identify theft insurance: 

2022 FBI Elder Fraud Report: 

Financial Help: 

SilverBills – Concierge service that makes sure bills are paid on time and inspects invoices for fraud and error: 

Legal/Estate Planning: 

Off the Wall Podcast – Estate Planning: 

Aging Care, Retirement Communities, Downsizing: 

Monument Wealth Management Article – LTC Insurance: 

National Association of Senior and Specialty Move Managers: 

Senior Move Management Service: Great Falls Organizers | Professional & Estate Cleanout Northern Virginia: 

Genworth Long Term Care Costs by State: 

Unmet Healthcare Needs and Healthcare Access Gaps Among Uninsured U.S. Adults Aged 50–64: 

Caregiver Resources: 

Geriatric Care Managers: 

Lighthouse Senior Care: 

Caring Considerations: 


Connect with Monument Wealth Management: 

Visit our website:  

Follow us on Instagram:  

Follow us on Twitter:  

Connect with us on LinkedIn:  

Connect with us on Facebook:  

Connect with us on YouTube: 

About “Off the Wall”: 

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about. 


Learn more about our hosts, Dave and Jessica on our website at