As our parents age, it can be a challenge to talk with them about financial matters--but these conversations need to happen sooner rather than later. Mom and Dad, We Need to Talk offers a practical guide for helping adult children have those difficult discussions. The author, a noted financial expert, offers a step-by-step approach for the family financial talk that will help adult children plan with their parents for issues they will face as they age. Mom and Dad, We Need to Talk offers ideas for overcoming your fears about bringing up this tough topic and is filled with several ways to start the conversation. The book provides illustrative stories from people who've had successful money talks with their parents. In addition, the author includes much-needed advice from financial, legal, and eldercare experts who've helped thousands of clients navigate "the talk." Designed for people at all income levels--wealthy, middle, and lower--the book helps anyone understand the ins and outs of their parents' finances because they might have to help manage these finances one day. If your parents are unwilling to open up about their finances, Mom and Dad, We Need to Talk includes ideas from others who have been in this situation as well as tips from experts on how to be prepared for the worst-case scenario.
Mom and Dad, We Need to Talk includes tips for talking with your siblings about your parents' finances. The book contains suggestions for tackling conversations with your parents about estate planning documents, long-term care, and when it's time to move. And it offers advice on how to help your parents avoid scammers. The author also offers approaches for having conversations about your own finances with your children. Mom and Dad, We Need to Talk is the essential guide for having productive financial conversations with parents that lead to meaningful action.