10 Financial Topics To Address With Aging Parents

As our parent’s age, it is a good idea for us (the children) to begin to understand their financial picture.

I have divided the questions into 10 topical areas (there certainly could be more) that I have had with my parents that I hope can help you as well.

Home/Physical Property/ Real Estate
Long-Term Care
Important Documents
Life Insurance
Bank
Transfer Agents
Investments
Health Care Providers
Legacy
Final Wishes

We look forward to the day when our children are having this conversation with us!

IMPORTANT INFORMATION

Information in this material is for general information only and not intended as investment, tax, or legal advice. Please consult the appropriate professionals for specific information regarding your individual situation prior to making any financial decision.

LPL Tracking #1-05140259

Topics

Did you enjoy this?

Subscribe to Dollars & Diagrams for more!

More Guidance from Know My Plan

Access and Flexibility Matter in Financial Planning

Often, financial plans are portrayed as rigid directives focused solely on maximizing every possible tax benefit. However, true success requires a plan tailored to your individual needs and aspirations. Are you and your financial plan equipped with the flexibility you truly deserve?

April 22, 2024

How Rick and Ilsa Optimized Their Finances for Parenthood

Rick and Ilsa, both 43, leveraged a raise in income when their daughter, Willow, started kindergarten, redirecting funds toward home improvements, college savings, and early retirement, securing a brighter future for their family. How are you allocating you excess funds?

April 15, 2024

How Dave and Kim Found Financial Freedom While Enjoying Life

Discover how Dave, 55, and Kim, 53, overcame finding the balance between enjoying life now and planning for retirement. Are you on track fro your financial independence?

April 8, 2024

It all starts with a conversation

And walk away with a FREE financial plan!

Keep in touch

(704) 243-9376

11215 N. Community House Rd.
Woodward Building – Suite 775
Charlotte, NC 28277

We serve clients in our Charlotte, North Carolina office and virtually throughout the country.

All the Links

Subscribe to Dollars & Diagrams

Client stories, answers to your questions, and market guidance delivered every Saturday morning at 9am!

Securities are offered through LPL Financial, Member FINRA/SIPC. Know My Plan is an other business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance, LLC, a registered investment adviser.

Independent Advisor Alliance, LLC is a separate entity from LPL Financial. The LPL Financial representatives associated with this page may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted by residents of any other state.

Website by Hyper Pony Studio