Life Kit

How to talk to your aging parents about their finances

23 snips
Oct 15, 2024
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ANECDOTE

Early Financial Planning

  • Cameron Huddleston's mom was diagnosed with Alzheimer's at 65.
  • This prompted difficult conversations about finances, highlighting the need for early planning.
ADVICE

Initiating Conversations

  • Start by asking parents for financial advice, even if you're knowledgeable.
  • This avoids role reversal and opens communication about their planning.
ADVICE

Essential Documents

  • Ensure your parents have essential estate planning documents like wills and trusts.
  • Prioritize power of attorney for financial and healthcare decisions.
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