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Talking with Your Parents About Estate Planning

The New York Times ran a piece on the importance of talking with your parents about their financial affairs.

Talking to your family—whether parents talking to children, or children talking to parents—is one of the most important things we can do to prepare ourselves for the future.

Financial, legal, and medical issues are going to come up for all of us. Knowing what mom or dad wants, and having those wishes spelled out in legal documents, not only relieves adult children of a huge burden, but also ensures that parents' financial and medical instructions are followed in the way they want.

These are difficult conversations to have, and the logistics can feel overwhelming, but everyone will benefit in the end. To read about other people's experiences in planning (and not planning), check out the comments section of the piece.

via New York Times

Topics
  • Advance Directive
  • Important Documents
  • Wills
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