How Can You Help Your Parents Organize Their Finances and Estate Plan? with Joe Patterson, CFP®, and David Nienaber, MBA, CPA, CFP®

2025-06-04

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In this episode, we’re joined by David Nienaber, MBA, CPA, CFP® and Joe Patterson, CFP®, both Financial Planners and Shareholders at Foster & Motley, Inc.. Together, they discuss the importance of estate planning, especially when helping aging parents navigate their financial affairs.They share their experiences working with clients and families and shed light on the generational challenges and misinformation that can create unnecessary stress during already difficult times. David and Joe outline practical steps to simplify financial matters, foster open communication, and avoid cos...

They share their experiences working with clients and families and shed light on the generational challenges and misinformation that can create unnecessary stress during already difficult times. David and Joe outline practical steps to simplify financial matters, foster open communication, and avoid costly mistakes during estate settlement.

Key Takeaways:

(02:20) Creating a clear picture of assets is essential.

(03:42) Proper documentation helps reduce stress for loved ones.

(06:04) Misinformation often delays important financial conversations.

(07:04) Legal and financial rules vary significantly by location.

(10:17) Many people are unaware of their roles in estate plans.

(13:50) Generational experiences shape views on money and planning.

(17:24) Maintenance tasks are vital after setting up an estate plan.

(21:00) Having open discussions can help prevent future confusion.

(25:59) Easy access to digital and financial information is crucial.

Resources Mentioned:

Foster & Motley, Inc. | Website