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November 19 2025

Dolores’s Story | Reverse Mortgage Risks, Faith, and Protecting Aging Parents | Plan for This Ep 12

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Dolores’s Story Reverse Mortgage Risks, Faith, and Protecting Aging Parents

Dolores is exactly the kind of person many of us love. She is 78, widowed, deeply rooted in her church community, and committed to giving her time and resources to others. Her son Gary has always respected that, even though he stepped away from organized religion years ago. Then a car accident on a stormy holiday weekend changed everything.

When Dolores moved into Gary’s home to recover, he began sorting through her paperwork and discovered something alarming. Her tithes had increased dramatically under the new pastor, she was falling behind on other bills, and, worst of all, she had taken out a reverse mortgage on her home at the pastor’s suggestion.

In this episode of Plan for This, Marguerite and Ron use Dolores’s story to explore reverse mortgage risks, clergy influence, and how families can protect elders without taking away their independence.

When Generosity and Pressure Collide

Dolores’s situation did not start with a reverse mortgage, it started with generosity. She had attended the same church since childhood, volunteered at events, and found meaning in service. Over time, her giving grew, then grew again, until it quietly crossed the line from generous to unsustainable.

Marguerite points out that many elders in faith communities feel an internal pressure to “give just a little more,” especially when they are praised for their commitment. At the same time, they may feel shame about not having enough or embarrassment about asking whether the giving level actually fits their financial reality. This silence is a dangerous combination.

The real issue is not faith or charity, it is the lack of a neutral conversation partner. If Dolores had a CPA, financial advisor, or fiduciary she trusted, she could have asked a simple question: “Can I safely afford to give this much and still fund my own future” That single question, asked early, could have changed everything.

Understanding Reverse Mortgage Risks Before You Sign

Reverse mortgages are not inherently evil, however they are serious financial tools with long term consequences. In Dolores’s case, the pastor’s recommendation to take out a reverse mortgage moved things from risky to critical.

Marguerite explains that reverse mortgages:

Are designed for older homeowners, typically 62 and up
Turn home equity into cash, usually without monthly payments
Come with significant upfront costs and ongoing interest
Gradually erode the equity in the property over time

What many families do not realize is that the true reverse mortgage risks often appear later, when the homeowner can no longer live in the house. If Dolores remains with Gary or moves to assisted living, the loan will eventually come due. The home may then need to be sold quickly, or refinanced under pressure, just to satisfy the reverse mortgage lender.

This is why Marguerite urges anyone considering a reverse mortgage to bring in a CPA, tax professional, or estate planning attorney who is not part of the transaction. Their job is to read the contract, run the numbers, and answer one crucial question: “What does this really cost over time, and what does it do to my future options”

Where Faith Leaders Fit, and Where They Do Not

Faith communities often do beautiful work. Churches, synagogues, mosques, and temples support families through grief, illness, and loneliness. That part is healthy and necessary. The trouble comes when spiritual authority blends with financial direction in ways that bypass neutral advice.

In Dolores’s story, the pastor encouraged a reverse mortgage and was also listed as her emergency medical contact. That combination of influence and access raises serious questions. Marguerite stresses that spiritual leaders should not be the only voice in major financial decisions. Even with good intentions, they are not trained to evaluate complex loans, tax implications, or long term care expenses.

If you serve in a faith community, the takeaway is simple. Encourage your elders to seek independent advice. Suggest they talk to a CPA or attorney, rather than stepping into that role yourself. If you are an elder, treat spiritual guidance and financial guidance as two different lanes that should work together, not merge.

How Adult Children Can Step In Without Taking Over

Gary’s position is complicated. On one hand, he is worried, and rightly so. On the other, Dolores is still an adult with rights and preferences, and she may not want her son “managing” her.

Marguerite offers a practical strategy for adult children: first, get your own estate plan done. When you have navigated your own documents, you understand emotionally how vulnerable it can feel, and you gain credibility when you talk to your parents.

Instead of opening with “Mom, I need to see your accounts,” Gary can say, “I just finished my estate plan. Here is what I learned, here is how it protects my kids. Can we talk about yours” That shift respects Dolores’s autonomy and frames the conversation around shared responsibility rather than control.

If Dolores is willing, the next steps might include:

Reviewing her existing estate plan
Confirming who is named as trustee, health care agent, and power of attorney
Deciding whether Gary should step into any of those roles
Bringing in a neutral professional to review the reverse mortgage and her giving

The goal is not to make Gary the “boss,” it is to build a team around Dolores so she is not managing everything alone.

Dolores’s story is not about blaming a pastor or shaming a church. It is about recognizing how easily good intentions can lead to fragile outcomes when no neutral advisor is in the room. Reverse mortgages, large charitable gifts, and community fundraising all carry real-life consequences that ripple through families for years.

Marguerite and Ron invite listeners to see planning as an act of protection, not control. That means building a team, asking hard questions before signing anything, and making sure your giving and borrowing do not quietly undermine your own security.

If you want help thinking through reverse mortgage risks, elder protection, and what “doing the right thing” looks like in your own family, consider becoming a PlanFan. You will get access to tools, definitions, and prompts that help you talk with professionals and loved ones before a crisis hits.

👉 Become a PlanFan today and get access to our First Steps Toolkit, member-only support, and reminders to keep your plan current. Join our community and take control of your legacy with confidence.

November 12 2025

Lost in Paris & The Mortgage Crisis Question | Plan for This Ep 11

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Lost in Paris How Professional Trustees & Mortgage Planning Protect Families in Crisis

When life shifts in an instant, the people you think will take charge aren’t always the ones the law recognizes. In this episode of Plan for This, Marguerite and Ron walk through two powerful stories that highlight why estate planning must anticipate the unexpected.

The first story follows Bill, who rushes to Paris after his parents’ accident — only to discover a professional trustee has already stepped in. The second centers on a listener whose family inherited a house with a mortgage but no guidance, creating confusion and financial risk.

Both stories reveal a simple truth: planning ahead protects dignity, safety, and stability — long before crisis arrives.

Fiduciary Duty, Probate & Crisis Planning Explained

Bill’s Story: Lost in Paris and Losing Control

Bill arrives in Paris terrified, worried about his parents’ medical condition. What he doesn’t expect is the shock that greets him at the hospital: the staff will only speak with a professional trustee, not him.

Marguerite explains that this happens when families prepare proactively. A well-crafted estate plan assigns authority not through assumptions but through documented roles — including trustees, agents, and fiduciaries trained to handle crisis logistics, finances, and legal details.

Professional trustees bring neutrality. They follow instructions without emotional pressure, and when aging parents want to avoid burdening their children, this can be a compassionate solution.

Ron adds that while Bill felt hurt, his parents weren’t rejecting him — they were protecting him. Crisis planning allows love and structure to work together.

Capacity, Authority & Why Trustees Step In

When someone loses capacity — temporarily or permanently — financial and medical decision-making must follow a legal chain of authority. Without documents, families often end up in court.

Marguerite outlines the roles:

Trustee manages trust assets
Agent under Power of Attorney handles financial tasks
Agent under Healthcare Directive makes medical decisions

In Bill’s situation, his parents selected a professional so he wouldn’t face the pressure of cross-continental decisions.

Authority is not personal. It’s protective. Estate planning ensures clarity during chaos and prevents family conflict, misunderstandings, and emotional overload.

Listener Question: Inheriting a House with a Mortgage

The second half of the episode answers a listener’s urgent question: “I inherited a home with my siblings. It still has a mortgage. What now?”

Marguerite breaks the issue into three parts:

Probate timeline — the lender must be notified, and delays can risk default.
Mortgage type — conventional, reverse, or HELOC all have different rules.
Sibling coordination — the heirs must decide quickly whether to refinance, sell, buy out, or negotiate with the bank.

She explains why many families lose inherited homes — not because they can’t afford them, but because they wait too long to communicate with lenders.

Ron stresses that grief clouds decision-making. But planning, documentation, and transparency keep families from losing property through confusion rather than necessity.

Avoiding Foreclosure, Conflict & Confusion

Marguerite shares a simple roadmap for families facing an inherited mortgage:

Contact the lender immediately
Request a “successor in interest” acknowledgment
Review the mortgage type
Bring the property into a trust if possible
Decide quickly: sell, refinance, or transfer

Avoiding foreclosure requires speed and coordination. Families who hesitate lose equity and options.

Estate planning prevents this panic entirely by naming who inherits, who decides, and how the home is handled.

The stories of Bill and the listener reveal two sides of estate planning: emotional impact and practical urgency. Whether it’s navigating an overseas crisis or inheriting a home under pressure, clarity prevents chaos.

Marguerite and Ron encourage families to talk early, document roles, and revisit plans after life changes. Planning is not about control — it’s about protecting the people you love from impossible decisions.

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October 29 2025

Myra & Peter: A Cautionary Tale About Family, Trust, and Independence | Plan for This Ep 9

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Myra & Peter A Cautionary Tale About Family, Trust, and Independence

It started with kindness, and ended with a crisis. Myra, an 81-year-old widow, welcomed her nephew Peter into her home after he lost his job. She thought she was helping family. But months later, Myra found herself feeling trapped in her own house, emotionally drained, and uncertain how to ask him to leave.

In this episode of Plan for This, Marguerite and Ron explore the real-world dangers of blurred boundaries, dependency, and financial vulnerability among aging adults. Through empathy and practical advice, they reveal how early estate planning, professional fiduciaries, and clear communication can protect independence while maintaining family harmony.

When Help Becomes Harm

Family relationships can be complicated, especially when one side begins to rely too heavily on the other. Myra’s nephew, Peter, didn’t start out with bad intentions. But as his dependence grew, so did Myra’s stress, anxiety, and loss of control.

Marguerite explains that this pattern is one of the most common forms of unintentional elder abuse. It often begins with trust and love, then slowly evolves into manipulation or financial strain. Whether it’s a relative “borrowing” money, staying too long, or taking over decisions, boundaries erode quietly until it’s too late.

Estate planning helps prevent this long before it happens. Through powers of attorney, professional fiduciaries, and trusted advocates, elders can ensure that support systems are fair and accountable, while keeping relationships intact.

Ron reminds listeners that Myra’s story isn’t about blame, it’s about awareness. Protecting yourself is an act of love, not fear.

Recognizing the Red Flags of Elder Abuse

Elder abuse isn’t always physical, it’s often emotional or financial. Marguerite identifies subtle warning signs families should watch for:

A sudden shift in control over money or property
Social isolation or family members being “screened” from contact
Missing mail, unpaid bills, or unexplained account activity
Increased guilt, confusion, or fear in conversation

In Myra’s case, Peter began handling small errands and bills “to help out.” But over time, she realized her autonomy was slipping away. Without a legal structure or outside advisor, her situation could have escalated into serious exploitation.

The solution? Documentation and delegation. Assign roles formally through powers of attorney or fiduciary agreements, not verbal arrangements. That simple step can turn potential abuse into accountability.

Marguerite encourages everyone to have annual check-ins with professionals, just like a financial or medical review.

The Power of Planning and Professional Support

Ron and Marguerite stress that the best protection against financial or emotional exploitation is a plan backed by professionals. A fiduciary or care manager acts as a neutral third party, helping elders manage finances, oversee caregivers, and maintain independence without straining family relationships.

Marguerite shares examples of clients who regained confidence after assigning professional support: one woman hired a fiduciary to manage her trust and handle family inquiries, while another used a care manager to set home safety guidelines. Both experienced more peace of mind and better relationships with loved ones.

Ron calls this “the freedom that comes from structure.” Estate planning doesn’t mean giving up control, it means defining it.

By establishing clear roles, updating legal documents, and inviting professional oversight, families can stay connected without crossing boundaries.

Balancing Love, Trust, and Independence

Marguerite closes the episode with a powerful truth: you can love your family deeply and still protect yourself. Healthy relationships have boundaries, and planning ensures those boundaries remain strong.

In Myra’s story, boundaries were blurred by guilt and obligation, two emotions that often keep seniors from asking for help. But once she sought professional guidance, Myra learned that saying “no” doesn’t mean rejecting family; it means preserving dignity.

Ron adds that estate planning conversations should be approached like life planning, openly, early, and with compassion. Families who discuss caregiving, finances, and inheritance before a crisis are far more likely to stay united afterward.

The episode reminds listeners that the most loving thing you can do for your family is to make sure they never have to guess your wishes, or fight to carry them out.

The story of Myra and Peter is one that plays out quietly in homes across the country. It’s not about greed, it’s about silence, avoidance, and the fear of confrontation. But estate planning can transform that fear into freedom.

Marguerite and Ron encourage everyone to review their living arrangements, update legal documents, and talk openly with family about boundaries. Planning isn’t about pushing people away, it’s about ensuring love and respect can thrive without dependency or confusion.