There are certain ‘talks’ you and your parents must have throughout the course of your life. Some of which involve you growing up…while others involve them growing old. According to a recent article by USA Today, the latter is imperative, but doesn’t always happen.
“Roughly one-third of parents over the age of 60 say they’ve never discussed later-life needs with family, including inheritance plans, beneficiaries, important documents or designated representatives, according to the survey. Meanwhile, adult children worry such conversations will cause conflict or make it seem as though they’re after their parents’ money.”
The article goes on to explain WHY having this talk is so crucial. It also offers four tips as to how to make the conversation a little easier.
Visit the USA Today site here to read the full article, and start the conversation.