Life Kit How to talk to your parents about their money
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Aug 11, 2025 
Financial journalist Cameron Huddleston, author of 'Mom and Dad, We Need to Talk,' shares essential strategies for discussing finances with aging parents. She emphasizes the importance of open communication about sensitive topics like estate planning and long-term care. Cameron offers practical tips for navigating these conversations respectfully, ensuring that key legal documents are in place, and understanding caregiving roles. Personal anecdotes add depth as she encourages gradual dialogues to foster a healthy parent-child dynamic.
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Personal Story of Financial Talks
- Cameron Huddleston learned the importance of discussing finances early when her mother was diagnosed with Alzheimer's at 65.
- They had not had detailed money talks until memory loss began, which complicates planning.
Start Conversations With Advice Requests
- Start financial talks with parents by asking them for advice about your own money.
- This avoids role reversal and opens dialogue about their financial planning.
Key Legal Documents to Check
- Ensure your parents have a will or trust to designate asset distribution to avoid court interference.
- They also need a power of attorney and health care power of attorney for financial and medical decisions if incapacitated.
