Eight important financial questions to ask your aging parents

Eight important financial questions to ask your aging parents 
LifeHacker; by Emily Long; 10/23/24
Money conversations can be uncomfortable, but they are also essential. ... When you start asking financial questions of your parents, remember that you don't need specifics, such as dollar amounts or who is inheriting what. The purpose of these discussions is to ensure your parents' wishes are backed by a plan and to understand whether (and how) they want or need your support as they age. Their plan may also affect you directly if you have power of attorney, help with paying bills, or are expected to be a caregiver in the future.

• What are their wishes for their money? ...
• Do they have an estate plan? ...
• What are their assets (and how are they titled)? ...
• How are they funding retirement? ...
• Have they designate a power of attorney? ...
• Do they have updated beneficiaries? ...
• How will care be provided and paid for? ...
• How can important information be accessed if needed? ...

[And,] How to have financial conversations with your parents ...