Showing posts with label helping parents with finances. Show all posts
Showing posts with label helping parents with finances. Show all posts

Thursday, April 11, 2013

Having "the talk" with your parents



Here's more advice on having a conversation with your aging parents about their money. From CNN Money, Ismat Sarah Mangla's article, "How to Ask Your Aging Parents About Their Money," provides more strategies for presenting these duscussions in the best way to to avoid potential conflict.

Click here to read the full article.

Friday, March 29, 2013

7 ways to help aging parents with finances

Here's a great article from Stephanie Morrow with LegalZoom, which lists seven things you can do to helphttp://www.legalzoom.com/money-matters/personal-finance/7-ways-help-aging.  These seven things include:
your aging parents financially:

1) Be respectful.

2) Organize essential financial documents.

3) Make lists of financial activities.

4) Organize estate planning documents.

5) Create durable and health care powers of attorney.

6) Involve a financial expert.

7) Look out for red flags.