Mom and Dad, We Need to Talk

Mom and Dad, We Need to Talk
Author: Cameron Huddleston
Publisher: John Wiley & Sons
Total Pages: 256
Release: 2019-06-25
Genre: Business & Economics
ISBN: 111953836X

Learn to start open, productive talks about money with your parents as they age As your parents age, you may find that you want or need to broach the often-difficult subject of finances. In Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, you’ll learn the best ways to approach this issue, along with a wealth of financial and legal information that will help you help your parents into and through their golden years. Sometimes parents are reluctant to address money matters with their adult children, and topics such as long-term care, retirement savings (or lack thereof), and end-of-life planning can be particularly touchy. In this book, you’ll hear from others in your position who have successfully had “the talk” with their parents, and you’ll read about a variety of conversation strategies that can make talking finances more comfortable and more productive. Learn conversation starters and strategies to open the lines of communication about your parents’ finances Discover the essential financial and legal information you should gather from your parents to be prepared for the future Gain insight from others’ stories of successfully talking money with aging parents Gather the courage, hope, and motivation you need to broach difficult subjects such as care facilities and end-of-life plans For children of Baby Boomers and others looking to assist aging parents with their finances, Mom and Dad, We Need to Talk is a welcome and comforting read. Although talking money with your parents can be hard, you aren’t alone, and this book will guide you through the process of having fruitful financial conversations that lead to meaningful action.

The Parent Care Conversation

The Parent Care Conversation
Author: Dan Taylor
Publisher: AuthorHouse
Total Pages: 285
Release: 2015-08-29
Genre: Family & Relationships
ISBN: 1504926358

A comprehensive and empathetic program for addressing, planning, and putting into effect long-term parent care. Long-term care for aging parents is a sensitive, often difficult, but ultimately inevitable issue all of us must face. The Parent Care Conversation offers a step-by-step approach for families to follow that will enable them to develop workable plans of action. By first addressing the emotional aspects of long-term care that take into account the parents feelings and wishes, then integrating the practical and financial components, this book will open the door for a critical exchange of information and honest discussion among adult children and their aging parents that has long been the major roadblock to successful elder care. Filled with factual information, useful tips, real-life stories, and practical exercises, The Parent Care Conversation provides a proactive and collaborative solution to the long-term care issues that eventually everyone must face.

Juggling Life, Work, and Caregiving

Juggling Life, Work, and Caregiving
Author: Amy Goyer
Publisher:
Total Pages: 0
Release: 2015
Genre: Family & Relationships
ISBN: 9781634251631

One in four American adult face the challenges of caring for an adult friend or relative. Although caregiving can be a richly rewarding and joyful experience, the role comes with enormous responsibilities-- and pressures. This gentle guide provides practical resources and tips that are easy to find when you need them, whether you're caregiving day to day, planning for future needs, or in the middle of a crisis. Goyer offers insight, inspiration, and poignant stories and experiences of caregivers, including her own as a live-in caregiver for her parents.

Breaking Money Silence®

Breaking Money Silence®
Author: Kathleen Burns Kingsbury
Publisher: Bloomsbury Publishing USA
Total Pages: 176
Release: 2017-09-15
Genre: Business & Economics
ISBN:

Anyone concerned about finances—and that's just about everyone—will welcome this step-by-step guide to opening up about a difficult subject. It offers a strategy that can save money, improve relationships, and help people raise fiscally responsible children. Almost half of Americans say that the most difficult topic to discuss with loved ones is their personal finances, so much so that they would rather talk about death, politics, or religion. But what price do you pay for staying quiet? In her fifth book, Kathleen Burns Kingsbury, a wealth psychology expert with over twenty-five years of experience empowering women, couples, parents, families, and wealth advisors, provides you with the answer. This book equips you with the practical tools needed to navigate difficult conversations and future-proof your finances. Discover how to identify your thoughts and beliefs about wealth, and how doing so can help you talk more openly and honestly about money with loved ones. Acquire skills for engaging in effective dialogues with aging parents about healthcare costs, estate planning, and end-of-life issues. Learn tips for fighting fair financially with your partner, and for raising a financially literate next generation. Using Money Talk Challenges and real-life stories, Kingsbury coaches you (and your trusted advisor) to take action. You'll walk away with a roadmap for putting what you learn into practice. Breaking Money Silence is a catalyst for a money revolution leading to a more gender-savvy, financially secure, and financially literate world.

Estate Planning for the Sandwich Generation

Estate Planning for the Sandwich Generation
Author: Catherine Hodder
Publisher: Hodderink
Total Pages: 204
Release: 2018-06-16
Genre: Estate planning
ISBN: 9780692122310

Are you a member of the Sandwich Generation? Do you care for your kids and worry about your aging parents? This book will help you with 10 easy steps to creating your estate plan and guide you on 5 "talks" to have with your parents about their future.

A Bittersweet Season

A Bittersweet Season
Author: Jane Gross
Publisher: Knopf
Total Pages: 370
Release: 2011-04-26
Genre: Family & Relationships
ISBN: 0307596680

Just a few of the vitally important lessons in caring for your aging parent—and yourself—from Jane Gross in A Bittersweet Season As painful as the role reversal between parent and child may be for you, assume it is worse for your mother or father, so take care not to demean or humiliate them. Avoid hospitals and emergency rooms, as well as multiple relocations from home to assisted living facility to nursing home, since all can cause dramatic declines in physical and cognitive well-being among the aged. Do not accept the canard that no decent child sends a parent to a nursing home. Good nursing home care, which supports the entire family, can be vastly superior to the pretty trappings but thin staffing of assisted living or the solitude of being at home, even with round-the-clock help. Important Facts Every state has its own laws, eligibility standards, and licensing requirements for financial, legal, residential, and other matters that affect the elderly, including qualification for Medicare. Assume anything you understand in the state where your parents once lived no longer applies if they move. Many doctors will not accept new Medicare patients, nor are they legally required to do so, especially significant if a parent is moving a long distance to be near family in old age. An adult child with power of attorney can use a parent’s money for legitimate expenses and thus hasten the spend-down to Medicaid eligibility. In other words, you are doing your parent no favor—assuming he or she is likely to exhaust personal financial resources—by paying rent, stocking the refrigerator, buying clothes, or taking him or her to the hairdresser or barber.

Necessary Conversations

Necessary Conversations
Author: Gerald Kaufman
Publisher: Simon and Schuster
Total Pages: 182
Release: 2015-01-27
Genre: Family & Relationships
ISBN: 168099008X

In this timely book, family counselors Gerald and Marlene Kaufman urge adult children and their parents to have direct conversations about the decisions that lie ahead as parents age. The Kaufmans suggest that families use their parents' retirement as the benchmark for having the first discussion about their parents' plans for the next phase of their lives. The Kaufmans point out that most families wait until they're faced with a crisis before having these conversations. The big questions facing aging adults are: 1. Where should they live as they become less able to care for a property? 2. How will they manage their finances so that they are as prepared as possible to meet their needs as they age? Are they ready to invite one or more of their children to become their partners in making financial decisions? 3. Are they ready to invite one or more of their children to become their partners in making their medical decisions? 4. How can parents and children work together in determining when it's no longer safe or wise for the parents to drive? 5. What end-of-life decisions should parents be prepared to make? What is the best way to have those discussions? Necessary Conversations is filled with stories and examples from many families, most with different life circumstances, but all facing these same issues. The chapters end with "Getting Started," a list of suggestions for action, as well as "Questions" for focusing on practical outcomes to the discussions. The book includes a series of exhibits—from a "Needs Assessment for Caregivers" to a "Medications and Supplements List" to a "Driving Contract and Checklist." A thoughtful and useful guide to a life stage that's often dreaded and muddled through. Gerald W. Kaufman and L. Marlene Kaufman have been family counselors for nearly 40 years. This book grew out of a seminar they were asked to lead with their adult daughter and her husband.

Jumpstart Your Marriage & Your Money

Jumpstart Your Marriage & Your Money
Author: Elle Martinez
Publisher: Coventry House Publishing
Total Pages: 133
Release: 2017-06-13
Genre: Business & Economics
ISBN:

In her debut book Jumpstart Your Marriage & Your Money, personal finance expert Elle Martinez shares her four-week plan to help couples stop worrying about money and start building wealth together. Written in Elle's warm, humorous, and easy-to-understand voice, this book helps couples build open and honest communication and get started on the path to financial freedom. By combining personal stories as well as lessons learned from interviewing hundreds of successful couples, Elle shows just how "personal" finance can be, and teaches you how to live a simpler, more stress-free life. Inside this book, you will learn to: • Create a budget you both will love (Yes, it's possible!) • Build communication through money dates • Set goals as a couple and start planning your future • Effectively pay off debt and earn additional income • Automate your accounts so your money works for you!