They say you shouldn’t discuss money or politics at the table during family dinner, especially during the holidays.
But I’m here to tell you that we absolutely should be have critical conversations with our family members about financial matters.
From retirement to healthcare, long-term care to estate planning and trusts, you’re NOT helping your family members unless you talk about these things! That’s particularly true with our mothers, fathers, grandparents, and elders, and I believe it’s also healthy for the young ones to hear and absorb these things from an early age.
Those conversations should include:
1. What is your long-term care plan?
2. Do you have a trust/will/estate plan?
3. When you pass away, what do you want to happen to your home?
4. Who do you want to make medical decisions for you?
5. How do you feel about your retirement plan?
So, please watch this video to hear about why those conversations are so important and how to conduct them – without making your family so uncomfortable, you’re not invited to the next dinner!
For more information or help sitting down and chatting with family members, contact me and we can do it together.