Invested: Advancing Women in Work and Wealth

Protecting and Caring for Elderly Parents


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Caring for elderly parents can be challenging in many ways. In this episode, we get expert advice from Dr. Chris Pierson, Founder and CEO of cybersecurity firm BlackCloak, and Jessica Bell, JD, Senior Estate Planner at Baird.

Chris describes how you can help your parents avoid new tech vulnerabilities like scams and phishing, while Jessica emphasizes the importance of understanding elder law and estate planning. Both agree that communication is key to transitions and future planning.

With structured family meetings, a secured online presence, and aligning financial goals, you can help set your aging parents up for success.

BlackCloak is the pioneer of Digital Executive Protection, providing online privacy protection, personal device security, home network security, and incident response to corporate leaders in their personal lives.

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Key Quotes:

CHRIS:  When we think about eldercare in the area of cybersecurity or privacy, the number one topic is going to be privacy. How do you help harden your loved ones against scams, fraud, swindling, all the rest of that? 

JESSICA:  As a baseline, always have as much open and honest communication and healthy communication between you and your siblings and with your parents. That’s key.

CHRIS:  First and foremost, have a meeting, have a conversation, hopefully with your Gen 2 siblings. Get everyone together. Every person is going ahead and figuring out a different area that they have expertise in. One could be on the healthcare side, other on the real estate side, other on the finances side. Somebody on the cyber and IT side, right? We need someone there. So figure it out amongst yourselves. Who's responsible? Who's consulted? Who's informed on the different life big buckets that we could consult for each “thing.”

JESSICA:  It really boils down to what's going to speak to mom or dad, and you want to think about their personality, what they fear, what they trust, what motivates them before having that conversation, and then find out how to communicate using those motivations.

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Time stamps:

02:18 - Chris’ role

02:44 - About BlackCloak

05:54 - Jessica’s role

07:33 - About Baird

09:09 - Today’s elder care issues

14:46 - The transition to new tech

18:00 - Taking steps for tech safety

32:30 - Forward thinking

41:54 - Today’s action items

48:32 - Where to find our guests

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Links:

Find Jessica Bell on LinkedIn

Find Dr. Chris Pierson on LinkedIn

Find Angela Pittman Taylor on LinkedIn

Find Jaleigh White on LinkedIn
More about Baird

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Invested: Advancing Women in Work and WealthBy Baird