Having “The Talk” with your Parents

Almost every baby-boomer I know is dealing with the issue of how best to provide support for aging parents.  Those that are not doing this now have either already been there or will soon be there.  The task can be made much easier by simply starting a conversation with your parents about their wishes.

Parents can make things much easier on those left behind by clearly communicating their wishes concerning end of life care and estate plans.  Leaving instructions on the location of estate plans and financial documents as well as how they want their affairs handled eases the burden during this emotional time.  Children should initiate this conversation if their parents do not do so on their own.  Northwestern Mutual published a newsletter that offers five strategies for beginning this conversation.  It is excellent advice and I recommend it.