How to Talk to Aging Parents About Money and End-of-Life Planning
These conversations are difficult but essential. Learn how to approach them with sensitivity.
Talking to aging parents about money and end-of-life planning is uncomfortable but important. Here's how to do it well.
Choose the Right Time and Place
Pick a calm, private moment when everyone is relaxed. Avoid busy times or emotional situations.
Start with Curiosity
Ask questions about their wishes rather than telling them what to do.
Listen More Than You Talk
Let them share their concerns and priorities. You might learn things you didn't expect.
Bring Written Resources
Share articles or guides to help explain concepts and give them time to think.
Offer to Help
Make it clear you're there to help them organize, not to control their decisions.
Respect Their Autonomy
Remember that it's their life and their money. Your role is to help them plan, not to decide.
Follow Up
These conversations often need multiple discussions. Plan to revisit topics over time.
Involve Other Family Members
Sometimes having siblings or other family present helps.
Use the End of Life Playbook to prepare for these important conversations.