Talking to your parents/spouse about touchy issues
Updated: January 7, 2009
TALKING ABOUT HEALTH-CARE PLANS AND FINANCES WITH YOUR PARENTS (OR YOUR SPOUSE) CAN BE TRICKY, ESPECIALLY IF YOU`VE NEVER DONE IT BEFORE.
BY PREPARING NOW, YOU CAN ENSURE THEIR WISHES WILL BE HONORED AND SO YOU CAN ACT EFFICIENTLY AND COMPASSIONATELY. Busey Bank`s Susan Abbott says you should discuss Will, power of atty, healthcare
Wishes for life sustaining treatment.
Feelings toward nursing home. Location of financial records. Health insurance & contacts.
Also Wills, durable powers of attorney, and durable powers of attorney for health care Wishes regarding "life-sustaining treatment" or "heroic measures" to stay alive Willingness to move into an assisted-living community if unable to live on their own. Where checking and investment accounts are kept, safe deposit boxes. What health insurance your parents have and how to contact the company. How to contact parents` attorneys, brokers, accountants, financial planners and other advisors.
Also remember when you`re talking to your family: Don`t expect immediate conclusions. Don`t lead the conversation.
Have compassion.
If you have questions for our Moneymakers Segment, email themorningshow@wcia.com or call 373-3661.
