Reported 2 days ago
Discussing finances with aging parents can be challenging but is crucial to ensuring generational wealth. Experts suggest approaching these sensitive topics as a series of conversations rather than a one-time talk. Creating a supportive environment, starting with lower stakes discussions, and possibly involving a financial planner can facilitate better communication. Establishing trust is essential, especially before cognitive decline, to ensure that important financial matters are addressed in a timely manner.
Source: YAHOO