The Long View Beth Pinsker: Lessons From ‘My Mother’s Money’
43 snips
Nov 4, 2025 
Beth Pinsker, a certified financial planner and author of My Mother's Money, delves into the complexities of financial caregiving. She shares personal lessons learned while managing her mother's finances, the importance of preparing a financial roadmap before crises, and how to identify warning signs of scams against the elderly. Beth discusses the challenges of using power of attorney and the need for transparent record-keeping. She also emphasizes balancing independence and protection for vulnerable family members while offering practical strategies for those facing similar caregiving responsibilities.
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Reject Unusual Payment Requests
- Avoid any payment request that asks for gift cards, crypto, prepaid debit cards, or cash.
- Do watch for excessive unsolicited donations or frequent caregiver gifts as potential signs of vulnerability or exploitation.
Treat 'Don't Tell Anyone' As A Red Flag
- Do treat secrecy requests from callers as a major red flag and inform family or trusted contacts immediately.
- If you have POA or account access, perform periodic spot checks on statements to catch fraud early.
Legal Structures Create Family Accountability
- Family oversight, fiduciary duties, and trusts create checks that protect against abuse by relatives.
- Trusts can remove emotional burden from elders by making a gatekeeper decide distributions.
