As your parents get older, they’ll inevitably begin to face a variety of issues that come with the golden years: planning for retirement, estate planning, living arrangements, long-term care, when to give up driving, and others. Often it falls to one or more adult children to step in and help. Below are the steps to take to broach these topics with your parents as they begin to face these issues.
A secret last will and testament, a fifteen-year fight to remove a comatose woman’s feeding tube, a last-minute model wife who sues for the late billionaire’s estate — this is the stuff of John Grisham novels, Supreme Court cases, and Us Weekly. For the rest of us, estate planning may be less dramatic (hopefully), but it remains an essential piece of ordering your financial world.