Do you know the true state of your parents’ financial affairs? Would you be able to handle their finances if an accident or sudden, incapacitating illness affected one or both of them? If you are like many adult children, you may find yourself totally unprepared to deal with such an emergency. You may discover you do not know such basics as the location of your parents’ checkbook, or whether they have supplemental health insurance.
Protect Your Parents and Their Financial Health...Talk with Them Before It’s Too Late addresses the difficulties faced by adult children of aging parents. In a straightforward, readable style, Susan C. Richards tells you what you need to know and how you can prepare to protect your parents physically, emotionally, and financially.
Richards provides practical information on managing health care in the event of disability, managing assets in the event of incapacity, and estate planning. The author not only tells you what you need to ask your parents, she also coaches you on how to conduct caring, constructive conversations about these sensitive topics.