Category: Finances

Transitioning a parent or family member into a senior living community is a significant life event that often accompanies an array of emotions. From the sadness of leaving a long-time family home to the anticipation and stress associated with such a major life change, the process can be daunting. For those tasked with preparing their family member’s house for sale, there is often a delicate balance to strike between the practicalities of real estate and the emotional well-being of everyone involved.

Having a conversation about your parents’ finances can be uncomfortable and even difficult. Mom and Dad want to remain fully independent, including their financial freedom. What would happen, though, if you suddenly had to take over their finances? Would you feel prepared or equipped to handle the job if you never had a conversation about their finances with them?