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Cameron Huddleston: talking to your parents about their finances

Bogleheads® Live

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How to Talk With Your Children if They Do Not Want to Discuss or Deal With Your Assets After I Pass

Cameron: You can't just step by and let them spend all their money if there is cognitive decline or a mental health issue that is having an impact on their ability to manage their finances. He says the only solution he has is to provide a letter of instruction and list of accounts for them. Jockdock: A lot of adult children are reluctant to have these conversations themselves because they don't want to think about a time when their parents are no longer going to be there.

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