Tuesday, August 16, 2016

Elder Law Attorney may help aging parents talk finances

Lots of people don't like to talk about their finances. It can be especially difficult with seniors because the conversation is often about more than just money. Speaking about money with family makes some seniors very uncomfortable, said Jerry Lynch, a certified financial planner with JFL Total Wealth Management in Boonton, New Jersey. Discussing finances could also create a situation where someone feels you're trying to trying to control and take your parents' money, he said. To avoid that, if possible, bring in help from the outside. A financial planner, estate attorney or Certified Public Account can be more objective and less threatening, Lynch said.

Read more: http://www.cbsnews.com/news/how-can-i-get-my-aging-parents-to-talk-about-money/

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