Getting older parents to do financial and health planning
A comment-You like many people emphasize that adult children should try to get their parents to complete needed documents. I am a clinical psychologist. When my patients complain to me that their parents won’t “do anything,” I always ask them if they have completed these documents. Answer is often “no.”Fastest solution is for them to get their own affairs in order and THEN tell their parents what they have done in case they have a health crisis. Offer to help them do the same. Tends to be fairly effective. Worst case scenario, single adults and parents of teens and young adults won’t leave others with a mess to deal with. Our kids and grandkids signed POA documents as older teens, by the way. No way to know who will have a health crisis and naive to assume that it is always someone older.
Terry Says
Great advice. And I definitely hinted at that in my column when I suggested readers print out several blank copies and distribute them to their own adult children, parents of their grandchildren!
Everyone needs to be prepared!
Here’s a copy of that link in case anyone missed it:
https://www.terrysavage.com/wp-content/uploads/2023/03/Personal-Financial-Inventory.pdf