In this episode, KT and Rachael Ela discuss:
- When you should go into a physical bank
- At the death of a parent, what do you do?
- What banking precautions you can put in place
- How to not take away dignity
- Your parents’ local bank will notice when your parents start to do things out of the ordinary
- Look at your parents’ statement or get access to their online bank
- You don’t need to take over your parents’ accounts
- When you notice a change, start having a conversation with them
“Getting online access to your parents bank while your parents get the paper statements is a great way to monitor their account.” – Rachael Ela
About Rachael Ela: Rachael Ela is a Vice President and Branch Manager of Optima Bank & Trust, working in the Stratham, NH market. She has over 18 years of banking experience and has spent the last seven in the New Hampshire market working with local business owners, municipalities, and nonprofits. Rachael currently serves as Chairwoman of the Exeter Area Chamber of Commerce, a board member of the Exeter Society of St. Vincent de Paul Community Assistance Center, and is a Past President and Paul Harris Fellow of the Exeter Rotary Club. She is a graduate of the New England School of Financial Studies at Babson College and resides in Exeter.
Reach Me Here: Rachael Ela
Business: Optima Bank & Trust
Reach Me Here: KT Thomas
Connect with KT Thomas: https://ktsmoneymatters.com/
Purchase KT’s book- The Hardworking Woman’s Guide to Money
Show notes by show producer: Danielle Taylor
Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.