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Some Older Parents Reluctant to Share Financial Information with Children

OldMan_yerling-villalobos-r-hssyiKimQ-unsplash_smallPhoto credit Verling Vilalobos

Dear Carol: My parents, both 83, always preached that talking about finances is rude. They’ve made wills and Powers of Attorney for health and finances, so I’ll give them that, and I’m the designated POA. The problem is that I don’t have any idea if they have enough saved for something like assisted living or in-home help or even if their bills get paid. Years back, they struggled because of job layoffs, so money has always been a problem. Since I will be the one to handle things eventually, I think I need to know more now. How do I approach this taboo subject? – GL

Continue reading on Inforum for some tips about getting your parents to open up about their finances: 

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