The conversation no one wants to have—but everyone needs.
Talking to your parents about their finances isn’t easy. It can feel uncomfortable, emotional, or even invasive. But if they’re aging—and especially if health concerns are increasing—it’s a conversation that could protect their well-being, their legacy, and your peace of mind.
From medical bills to estate plans to day-to-day money management, initiating the talk now ensures you’re all prepared for whatever comes next.
💡 Need expert guidance on how to structure the conversation—and the plan?
Visit Advisor.com to compare fiduciary advisors who specialize in retirement, estate, and eldercare planning.
Avoiding the money conversation doesn’t protect your parents—it exposes them.
Without a shared understanding of their financial picture, families often face:
The most loving thing you can do? Start the conversation early—and with empathy.
Begin by framing the discussion around care and intention:
“We want to make sure your wishes are honored and that we’re prepared to help if anything unexpected happens.”
This lowers defenses and emphasizes partnership—not control.
Do they already work with a financial advisor, CPA, or attorney? If so, that’s a great entry point.
If not, now may be the time to bring in a fiduciary advisor who can help organize their plan and walk them through next steps.
✅ Advisor.com can connect you with advisors who work with aging clients and multigenerational families.
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Don’t try to tackle everything in one sitting. Instead, plan a series of relaxed conversations around:
Help them gather and organize:
A fiduciary advisor can help consolidate and digitize these for easy access—by them and eventually by you.
Ask open questions like:
“What kind of legacy do you want to leave?”
“Are there causes or family members you want to support?”
These discussions often spark meaningful insights—and better estate planning.
🧾 Need help structuring gifts, trusts, or charitable plans?
An advisor can walk your family through the options and tax strategies. Find yours at Advisor.com
Unless they’re incapacitated, your parents are still in charge of their finances. Your role is to support, not take over. Reassure them:
“You’re in control—we just want to be ready to step in and support you when you need it.”
A qualified advisor can:
👨👩👧 Multigenerational support matters.
Advisor.com makes it easy to compare fiduciary financial advisors who specialize in working with families like yours.
Start the conversation today—with empathy, strategy, and support.
🧭 Find a trusted advisor who can help you guide the way at Advisor.com