There’s a good chance that many adult children will have to get involved with their parents’ financial lives as they age. Yet, an overwhelming majority of adult children – 73% – have not had detailed conversations with their parents about their finances, according to a survey by GOBankingRates. One of the primary reasons why survey respondents said they haven’t had “the talk” yet with their parents is because they don’t know how to have the discussion.
Similar Posts
3 Major Estate Planning Mistakes You Could Be Making Right Now
Estate planning is one of the most critical steps you can take to protect your loved ones and ensure your wishes are honored after you’re gone. Yet, many people unknowingly make mistakes in their estate plans that can lead to unnecessary complications, legal battles, or financial loss. Avoiding these common pitfalls can save your family…
Navigating Probate Without an Estate Plan in Florida
Losing a loved one is never easy, and the legal process that follows can make an already difficult situation even more challenging. In Florida, when someone passes away without an estate plan, their assets typically go through a court-supervised process called probate. Probate is designed to ensure the deceased person’s debts are settled and their…