In this episode of The Ascent, Sam McGee from Crestmont Private Wealth discusses essential considerations for aging parents and their families. Covering topics like legal documentation, income planning, healthcare, family communication, and fraud protection, Sam shares practical advice and real-world experiences to help families navigate the complexities of aging and wealth management. Whether you’re planning for your own future or supporting loved ones, this episode offers valuable insights to ensure peace of mind and financial security.

Contact: [email protected]

00:00 - Introduction & About Crestmont Private Wealth

00:43 - The Importance of Planning for Aging Parents

01:23 - Key Financial and Family Considerations

02:14 - Legal Documentation: Power of Attorney, Wills, Directives

04:49 - Beneficiary Designations & Routine Audits

05:49 - Income & Cash Flow: Social Security Decisions

06:48 - Timing Social Security & Spousal Benefits

07:52 - Family Communication Styles & Challenges

09:19 - Transparency and Annual Family Meetings

10:07 - Specifying Wishes & Estate Planning

10:47 - Shared Access & Trusted Contacts

11:58 - Technology for Safety & Monitoring

12:44 - Fraud Protection: Trends and Best Practices

14:33 - Consolidating Accounts & Simplifying Finances

15:13 - Recap: Key Takeaways for Seniors and Families

16:00 - Closing Remarks & Contact Information

Original Air Date: September 27, 2025 at 8:30am as heard on Boerne Radio 103.9FM

Contact:  www.crestmontpw.com 

Alec Walker in Houston:  831-280-5288 

Sam McGee in Boerne: 830-368-2898

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