Mom and Dad We Need to Talk – How to Have Essential Conversations With Your Parents About Their Fina

Knowledge Circle Host Scott Bishop will be interviewing author and Journalist Cameron Huddleston on her recent book, “Mom and Dad We Need to Talk – How to Have Essential Conversations With Your Parents About Their Finances.”

The first step you need to take is talking to your parents. Find out what their needs and wishes are. In some cases, however, they may be unwilling or unable to talk about their future. This can happen for a number of reasons, including:

• Incapacity
• Fear of becoming dependent
• Resentment toward you for interfering
• Reluctance to burden you with their problems

Other Topics that will be covered inlcude:

• Preparing a personal data record
• Where will your parents live?
• Evaluating your parents’ abilities
• How to get support and advice

Anyone that deals with clients that have aging parents or advisers themselves will be helped with this topic.