Hey! Do you know how to have the hard conversations about money with your family? Here are four topics to get your conversations started.
Number 1: Where to find key documents, including bank account information, documentation of any assets or liabilities, deeds, titles, and life insurance.
Number 2: Plans in case of illness. Who will be the power of attorney when a loved one falls ill?
Number 3: Itās a good idea to document increased and ongoing healthcare needs, and discuss those needs in advance.
Number 4: A will or trust is a great tool to identify money and property in the personās estate, to whom it should go, and how it will be handled.
For more information about how to talk money with your family, visit Financial Wellness. See you next time on Money Matters!
