How to Have the Money Talk With Your Aging Parents with Cameron Huddleston
My guest on this episode of SLP Money is Cameron Huddleston, the author a book titled Mom and Dad, We Need to Talk. Many parents raise their children to position money as a taboo topic that is not discussed with family or friends. Talking about money with our aging parents can be a difficult thing, but it is necessary to do in order to avoid harder situations in the future.
Cameron was inspired to write this book based on her personal experiences. Her father, an attorney by trade, passed away at the early age of 61 and left her family with no will, no trust and no other estate documents. Her mother was diagnosed with Parkinson's which thrust Cameron into becoming her mom's power of attorney and making financial decisions without knowing her true wishes.
If you are fearful of approaching your parents with this talk, Cameron will give you the confidence to have these tough conversation. We discuss the following...
Getting over your fear of having the money talk with your parents
Conversation starters with mom and dad to break the ice and address why having this conversation is in everyone's best interest
Identifying the different reasons why your parents may not want to have this conversation
A Step-By-Step approach to having a successful conversation
Why it's in everyone's best interest to have these conversations sooner than later
For all shownotes and resources, head over to utterlyfinancial.com/13