Jill on Money with Jill Schlesinger Estate Planning for My Parents
18 snips
Oct 27, 2025 Navigating estate planning for aging parents can be tricky. A listener shares his struggles with initiating discussions about his parents' financial and living situations. The conversation touches on evaluating their income, assessing health concerns, and addressing the absence of wills. Jill emphasizes the importance of attending attorney meetings for organization and clarity. They also discuss potential long-term care solutions and the necessity of defining specific bequests. Follow-through is key to ensure the estate plan is finalized smoothly.
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Family Pushed Longtime Home Move
- Michael describes years of trying to get parents to move to a single-story home and to discuss finances.
- He reports dad was evasive about exact assets, joking about amounts until recently becoming more forthcoming.
Sibling's Death Adds Complexity
- Michael shares that one of his three siblings passed away three years ago, leaving three minor children.
- That loss adds urgency and complexity around inheritance and support for the nieces and nephews.
Gather Full Financial Documentation
- Do gather account statements for every bank, retirement, and investment account before meeting an estate attorney.
- Do collect insurance policies, the deed, and contact info for all financial institutions so the lawyer can organize everything.