When you were younger, your parents may have had to intervene when you bounced a check for the first time, or spent more than your paycheck could cover. But now that you’re grown, roles may have shifted quite a bit — and now, you’re the one who may need to intervene to manage or protect your parents’ finances.
Would you know how to take care of your elderly parents’ finances? Would you know how to take over your parents’ finances, especially in a crisis? Do you have access to all the information you’ll need in case something happens?
Though it may not be an easy conversation to have, it’s an important one. You’ll need to have a realistic picture of your parents’ financial situation — especially if you sense they’re having difficulty managing their affairs. To learn about the 4 steps that can help the process go more smoothly, CLICK HERE.