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39: How To Talk To Your Parents About Their Retirement & Estate Plans
Manage episode 400847401 series 3371673
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Talking to your parents about money, and their retirement plan can be a daunting task. The reality is, if you don't do it while they are cognitively well and able, you will pay the price: in stacks of paperwork, lack of necessary information, and potentially, years of probate to settle their estate. Understanding what your parents' have as part of their retirement, can be a safeguard to ensure that YOU are not THEIR retirement plan.
Tune in as Jessica and Brandon candidly untangle the complexities of preparing for your parents' golden years. From organizing paperwork, and naming beneficiaries, to long-term care plans and disability insurance, this episode covers the practical and emotional side of speaking with your parents about their finances, and putting a plan in place for when they are no longer here.
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