Family Finance DeskIssue #9 · Jun 24
The money conversation to have with your parents before you need to.
Four questions, one afternoon. The families who ask them early are the ones who don't fight in the hospital waiting room.
Where are the documents. Who is the point of contact at the bank, the brokerage, the insurance company. What do you want to happen if you can't make decisions. Who inherits what, and does everyone at this table already know.
That's the whole conversation. It takes one afternoon. Families who have it once, in their 60s and 70s, avoid nearly every ugly scenario that plays out in the ones who never do.