Few people want to stick their noses into their parents' business. For many, it's the last taboo to inquire into your parents' financial lives. This is one of those “it depends” questions. It isn’t always necessary for you to know every detail about your parents’ financial affairs. In fact, the less you need to know, … Continue reading How Much Do I Need to Know About My Parent’s Finances?
The question I am most often asked is “How do I begin the conversation with my parents?” I always answer, “Very carefully.” The truth is there is no one best way to begin the conversation. So much of it depends on circumstances and personality. Circumstances – usually health issues – may be at such a … Continue reading The Money Talk: Starting the Conversation with Your Parents