
How to talk to your parents about their money
Life Kit
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Conversations on Family Finances
This chapter emphasizes the vital discussions about finances that adults should have with their parents, particularly around estate planning and long-term care. It covers the importance of having essential legal documents, understanding financial situations, and the impact of caregiving costs. The chapter also offers strategies for providing financial advice to parents while respecting their autonomy and suggests involving financial professionals for comprehensive planning.
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